"She's very nurturing," Cannon, 29, told PEOPLE at the US Open's Arthur Ashe Kids Day event in New York Saturday. "She's nurturing with me and makes me breakfast at anytime and that's my favorite food. It would be like 3 o'clock in the morning and she will still make me waffles. She'll be the best mom."

If Cannon does become a father, he plans to learn from his own parents. "I want to raise a child like the way I was brought up," he says. "Be someone who is stern but still fun loving and knows how to have a good time."

When asked if he would prefer to have a girl or a boy, the host of America's Got Talent says he "just wants something that is healthy" but is a little nervous on how to approach certain situations associated with a boy and girl.

"It's great to have a girl until she turns into a teenager. Then you have to worry about every other boy in the neighborhood and that would freak me out," he says. "With a boy, I'd be worrying about him breaking his arms and his legs. I was that type of kid. I was a daredevil so I'd be having to worry about that."