283 Blake DrCantonNC28716
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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
Investment property for sale in Canton at 283 Blake Dr, Canton, NC, 28716 listed at $450,000 pairs $2,809/mo rent with a $2,203/mo payment to leave $66/mo cash flow. Total monthly income runs $2,809/mo, and annual cash flow reaches $792/yr on $149,175 cash to close. Return on cash invested measures 20.44% in year one, and rental yield registers 7.49% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 105.54% and total cumulative return in cash totals $157,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,809/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.69 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: Steven Owens • Keller Williams Biltmore Village
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307374