1389 Newfound RdCantonNC28716
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Canton at 1389 Newfound Rd, Canton, NC, 28716 listed at $629,900 pairs $3,616/mo rent with a $3,083/mo payment. Total monthly income runs $3,616/mo. Return on cash invested measures 18.77% in year one, and rental yield registers 6.89% at a $629,900 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,030 by year five. Five-year ROI tracks 96.59% and total cumulative return in cash totals $200,175. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,616/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Tavener • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332002