302 Summit LnCantonMS39046
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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 302 Summit Ln, Canton, MS, 39046 generates $3,362/mo in rent and, after a $1,875/mo payment, leaves $1,018/mo in cash flow. Total monthly income is $3,362/mo, and annual cash flow is $12,214/yr on $126,965 invested. Return on cash invested sits at 29.53% in year one, and rental yield is 10.53% on a $383,000 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation builds toward $105,816 over five years. Five-year ROI reaches 154.34% and total cumulative return in cash sums $195,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,362/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Yolanda Leggins • The Agency Haus LLC DBA Agency
Mls Name: MLS United
Mls ID: #4106421
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.