107 W 17th StSalisburyNC28144
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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
Investment property for sale in Salisbury at 107 W 17th St, Salisbury, NC, 28144 uses $86,190 cash to close to unlock $8,568/yr annual cash flow and $714/mo monthly cash flow. Total monthly income runs $2,299/mo, and a $1,273/mo payment keeps the spread at $714/mo. Purchase price stands at $260,000, and rental yield measures 10.61% with $2,299/mo rent. Return on cash invested shows 29.85% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 156.01% and total cumulative return in cash records $134,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,299/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.57 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: Regina Vance • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333959