69 Devlin StCantonNC28716
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 69 Devlin St, Canton, NC, 28716 offers $1,562/mo rent that, after a $974/mo payment, leaves $349/mo cash flow. Total monthly income is $1,562/mo, and annual cash flow is $4,190/yr on $65,969 cash. Return on cash invested measures 26.26% in year one, and rental yield stands at 9.42% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 136.84% and total cumulative return in cash reaches $90,270. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,562/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
0.49 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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Nearby investment properties with comparable prices
Listed by: Marie Reed • Keller Williams Professionals Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300664