437 Richards RdgCantonNC28716
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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 437 Richards Rdg, Canton, NC, 28716 generates $2,164/mo in rent and, after a $1,517/mo payment, leaves $275/mo in cash flow. Total monthly income is $2,164/mo, and annual cash flow is $3,300/yr on $102,765 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.38% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 119.92% and total cumulative return in cash sums $123,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,164/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
2.58 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: Mona Gersky • Moondancer Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041251
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.