318 Academy StCantonNC28716
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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 318 Academy St, Canton, NC, 28716 with 5% annual appreciation on a $422,900 basis while $2,830/mo rent supports operations. Total monthly income totals $2,830/mo and a $2,070/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,030/yr on $140,191 deployed, and return on cash invested reaches 22.07% in year one. Equity gained on principal adds $2,729/yr, and five-year appreciation sums $116,839 alongside rental yield of 8.03%. Five-year ROI measures 114.32% and total cumulative return in cash totals $160,265.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,830/mo property income versus a $2,070/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1926
0.23 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: Jeanne Forrest • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4263359