9 Smokey Cove RdCantonNC28716
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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 9 Smokey Cove Rd, Canton, NC, 28716 uses $99,417 cash to close to unlock $6,481/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,368/mo, and a $1,468/mo payment keeps the spread at $540/mo. Purchase price stands at $299,900, and rental yield measures 9.48% with $2,368/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 137.72% and total cumulative return in cash records $136,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Manufactured
Built in 1971
0.45 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: David Chason • ERA Sunburst Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314818