502 Old Canton Rd
About This Property
Perfect for first-time homebuyers or savvy investors! This charming 2 bedroom, 1-bath home with hardwoods throughout this home sits on a quaint .30-acre lot within walking distance to downtown Ball Ground. Bursting with character and curb appeal, this cozy residence offers an ideal opportunity to own at an affordable City of Ball Ground price point. Enjoy the convenience of being just steps from local shopping, dining, and community events, while still having quick access to major interstates that make commuting or weekend getaways a breeze. Whether you're looking for your first home or a fantastic rental property with strong location value, this home checks all the boxes. Don't miss this rare opportunity to own a sweet slice of Ball Ground living!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$225,000
↓ $25K
(10%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$249,900
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Jan 15, 2026 | Listed by ERA Sunrise Realty | $269,900 | |
| Listed by ERA Sunrise Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017