1613 Frederick Avenue
About This Property
Nestled in the growing community of Kannapolis, this thoughtfully crafted home features an open-concept layout filled with natural light, a sleek chef's kitchen with quartz countertops and stainless steel appliances, and a spacious primary suite complete with a spa-inspired ensuite and walk-in closet. This home comes complete with a builder's warranty.
Situated just minutes from the vibrant Downtown Kannapolis, you'll love being close to the Atrium Health Ballpark, North Carolina Research Campus, and a variety of local shops, breweries, and dining spots. Easy access to I-85 makes commuting to Charlotte, Concord Mills, or Lake Norman a breeze. Don't miss the chance to make this beautiful new home yours!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017