21 Lisa DrCantonNC28716
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
Rental property for sale in Canton at 21 Lisa Dr, Canton, NC, 28716 priced at $285,000 converts $2,230/mo rent into $493/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,230/mo, and annual cash flow totals $5,916/yr on $94,478 invested. Return on cash invested prints 26.17% in year one, and rental yield reads 9.39% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 136.28% and total cumulative return in cash sums $128,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,230/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
0.28 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: Misti Chandler • Howard Hanna Beverly-Hanks Asheville-Downtown
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314988