320 Canvasback Road
About This Property
Designed for both comfortable everyday living and effortless entertaining, this home features a beautifully remodeled chef's kitchen, hardwood floors throughout, and a stunning newly renovated primary bath. The sunroom, complete with its own mini-split heating and cooling system, provides flexible year-round living space filled with natural light.
Outside, you'll love the level fenced backyard, mature landscaping, and deck perfect for gatherings, grilling, or quiet evenings at home. Additional updates include a new roof in 2025, new windows in 2026 and a brand-new septic tank being installed for added peace of mind.
With no HOA, a 2-car garage, and an unbeatable location near the lake and golf course, this move-in ready home offers everything buyers are looking for in Lake Norman living.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Iredell
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$2,295 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017