107 Laura Springs DrSalisburyNC28146
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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
Rental property for sale in Salisbury at 107 Laura Springs Dr, Salisbury, NC, 28146 priced at $259,900 converts $2,119/mo rent into $535/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,119/mo, and annual cash flow totals $6,421/yr on $86,157 invested. Return on cash invested prints 27.36% in year one, and rental yield reads 9.78% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 142.73% and total cumulative return in cash sums $122,974. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,119/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28146, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,710 (100%) |
| Owner Occupied HU | 10,285 (69.9%) |
| Renter Occupied HU | 3,181 (21.6%) |
| Vacant Housing Units | 1,244 ( 8.5%) |
| Median Home Value | $293,102 |
| Average Home Value | $349,013 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
13,159
Multi-Family
293
Businesses
389
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Listed by: Camo Sarner • Termine Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280343