Kannapolis · Kannapolis, NC
2909 Glendale Avenue
Kannapolis, NC · 1,679 sqft
$225,000
- 3Beds
- 2Baths
- 1,679SqFt
- 1930Year
- 19Days on market
About this home
Open house was cancelled. We are opening ShowingTime, please allow 24h to confirm your appointment. Fantastic investment or owner occupant opportunity priced well below market value! This recently renovated ranch in Kannapolis is a true turnkey rental, ideal for investors seeking immediate cash flow.
The home features recent updates including new appliances and offers a functional, single-level layout that appeals to long-term tenants. Currently occupied by a great tenant, this property provides stable, reliable income from day one.
Strong financials make this an attractive addition to any portfolio: Monthly rent: $1,650 Annual income: $19,800 Estimated annual expenses: $3,000 (taxes + insurance) Net Operating Income: $16,800 annually
Conveniently located near shopping, dining, and everyday essentials, the property combines investor-friendly numbers with a location tenants love.
A solid, low-maintenance opportunity with immediate returns in a growing area—don’t miss it! Agents, please read agent remarks for showing process.
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 1,679
- Lot
- —
- Year built
- 1930
- Type
- Single Family
- Days on market
- 19
- Garage
- 2
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,656/ month
- Principal & interest
- $1,393
- Property tax (~1.05%)
- $196
- Homeowners insurance
- $65
- HOA dues
- —
Down payment
$11,250 down · $213,750 financed
Income to qualify (28% rule)
~$70,971 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.