Kannapolis, NC — Rental Investment Analysis

🔴WEAKappreciation play only

Cap Rate

3.6%

Below average

Monthly Cash Flow

-$661

After all expenses

Price-to-Rent

15.6

Overpriced for rent

DSCR

0.56

Fails

📊 Key Metrics

Median Home Price
$283,725
Average Rent (3BR)
$1,525/mo
Price-to-Rent Ratio
15.6(high)
1% Rule
0.54%(fails — need 1%+)
Cash-on-Cash Return
-12.0%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Kannapolis for Investors

28083
Cap Rate: 4.2%Cash Flow: -$502/mo$269,143
28083
Cap Rate: 4.2%Cash Flow: -$502/mo$269,143
28081
Cap Rate: 3.1%Cash Flow: -$821/mo$298,307

All Zip Codes in Kannapolis

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
280834.2%-$502$269,143$1,600/mo0.65
280834.2%-$502$269,143$1,600/mo0.65
280813.1%-$821$298,307$1,450/mo0.48
280813.1%-$821$298,307$1,450/mo0.48