109 W Pine StSalemburgNC28385
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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 Salemburg at 109 W Pine St, Salemburg, NC, 28385 priced at $234,000 converts $1,440/mo rent into $14/mo cash flow after a $1,145/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $170/yr on $77,571 invested. Return on cash invested prints 20.13% in year one, and rental yield reads 7.38% against a $234,000 entry. Equity gained on principal adds $1,510/yr, while 5% annual appreciation compiles into $64,650 by year five. Five-year ROI reaches 103.94% and total cumulative return in cash sums $80,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $1,145/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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
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Listed by: JENNA HOLLAND • REAL ESTATE PREMIER GROUP, LLC.
Mls Name: LPRMLS
Mls ID: #751980