1027 Gondola Rd #23APSalisburyNC28144
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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
Rental property for sale in Salisbury at 1027 Gondola Rd #23AP, Salisbury, NC, 28144 generates $1,740/mo in rent, after a $1,571/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 17.47% in year one, and rental yield is 6.51% on a $320,900 entry. Equity gained on principal adds $2,071/yr, while 5% annual appreciation builds toward $88,659 over five years. Five-year ROI reaches 89.64% and total cumulative return in cash sums $95,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28144, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,134 (100%) |
| Owner Occupied HU | 6,065 (50.0%) |
| Renter Occupied HU | 4,831 (39.8%) |
| Vacant Housing Units | 1,238 (10.2%) |
| Median Home Value | $267,215 |
| Average Home Value | $297,064 |
Housing Distribution
Address Breakdown
Residential
11,029
Single Family
10,382
Multi-Family
647
Businesses
1,108
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Listed by: Kaylee Wilson • TLS Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330071