1224 Phillipsville LoopCantonNC28716
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Canton at 1224 Phillipsville Loop, Canton, NC, 28716 priced at $269,900 pairs $1,927/mo rent with $282/mo cash flow after a $1,321/mo payment. Total monthly income equals $1,927/mo, and annual cash flow comes to $3,385/yr on $89,472 invested. Return on cash invested is 23.69% in year one, and rental yield stands at 8.57% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 123.03% and total cumulative return in cash reaches $110,082. For financing, Ziffy Mortgage’s DSCR program evaluates $1,927/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28716, Canton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,677 (100%) |
| Owner Occupied HU | 5,864 (67.6%) |
| Renter Occupied HU | 1,673 (19.3%) |
| Vacant Housing Units | 1,140 (13.1%) |
| Median Home Value | $249,573 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
7,868
Single Family
7,802
Multi-Family
66
Businesses
437
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Listed by: Pat Sluder • Western Carolina Properties, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322214