111 Pantego PlSalisburyNC28144
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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 111 Pantego Pl, Salisbury, NC, 28144 offers $2,518/mo rent that, after a $1,791/mo payment, leaves $288/mo cash flow. Total monthly income is $2,518/mo, and annual cash flow is $3,455/yr on $121,286 cash. Return on cash invested measures 22.76% in year one, and rental yield stands at 8.26% at a $365,870 entry. Equity gained on principal adds $2,361/yr while 5% annual appreciation compounds into $101,083 by year five. Five-year ROI records 117.98% and total cumulative return in cash reaches $143,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,518/mo property income versus a $1,791/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.15 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: James McClurg • Meritage Homes of the Carolinas
Mls Name: Triad MLS
Mls ID: #1204775