Kannapolis · Kannapolis, NC
2909 Glendale Avenue
Kannapolis, NC · 1,679 sqft
$225,000
- 3Beds
- 2Baths
- 1,679SqFt
- 1930Year
- 64Days on market
About this home
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
- 64
- Garage
- 2
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,627/ month
- Principal & interest
- $1,393
- Property tax (~0.90%)
- $168
- Homeowners insurance
- $65
- HOA dues
- —
Down payment
$11,250 down · $213,750 financed
Income to qualify (28% rule)
~$69,765 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she 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.