57 Fiddle 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 57 Fiddle Dr, Canton, NC, 28716 offers $1,847/mo rent that, after a $1,468/mo payment, leaves $19/mo cash flow. Total monthly income is $1,847/mo, and annual cash flow is $229/yr on $99,417 cash. Return on cash invested measures 20.14% in year one, and rental yield stands at 7.39% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 104% and total cumulative return in cash reaches $103,396. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,847/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.27 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: Linda Reynolds • Unique: A Real Estate Collective
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336380