622 N Main 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 622 N Main St, Canton, NC, 28716 offers a 7.81% rental yield on a $365,900 purchase with $2,380/mo rent. Total monthly income registers $2,380/mo, and a $1,791/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,799/yr on $121,296 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $2,361/yr while 5% annual appreciation supports $101,091 over five years. Portfolio math shows five-year ROI at 110.67% and total cumulative return in cash at $134,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,380/mo property income against a $1,791/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.20 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: Alexandra Schrank • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331136