61 Magnolia 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 61 Magnolia Dr, Canton, NC, 28716 uses $99,119 cash to close to unlock $8,234/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $2,508/mo, and a $1,463/mo payment keeps the spread at $686/mo. Purchase price stands at $299,000, and rental yield measures 10.07% with $2,508/mo rent. Return on cash invested shows 28.22% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 147.31% and total cumulative return in cash records $146,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,508/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.91 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: Stefanie Conley • Keller Williams Great Smokies - Sylva
Mls Name: Carolina Smokies MLS
Mls ID: #26042245