105 Forest Wood DrSalemburgNC28385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Salemburg at 105 Forest Wood Dr, Salemburg, NC, 28385 offers a 10.37% rental yield on a $304,900 purchase with $2,635/mo rent. Total monthly income registers $2,635/mo, and a $1,492/mo payment leaves $719/mo available for distribution. Annual cash flow reaches $8,628/yr on $101,074 to close, and return on cash invested stands at 28.45% in year one. Equity gained on principal adds $1,967/yr while 5% annual appreciation supports $84,238 over five years. Portfolio math shows five-year ROI at 148.73% and total cumulative return in cash at $150,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,635/mo property income against a $1,492/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.80 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28385, Salemburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 808 (67.4%) |
| Renter Occupied HU | 253 (21.1%) |
| Vacant Housing Units | 138 (11.5%) |
| Median Home Value | $161,111 |
| Average Home Value | $192,877 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: STACY WHITCOME • HADLEY PROPERTIES REAL ESTATE & DEVELOPMENT
Mls Name: LPRMLS
Mls Provider:
Mls ID: #738947
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.