114 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 114 Pantego Pl, Salisbury, NC, 28144 priced at $341,080 converts $1,740/mo rent into after a $1,669/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 16.32% in year one, and rental yield reads 6.12% against a $341,080 entry. Equity gained on principal adds $2,201/yr, while 5% annual appreciation compiles into $94,234 by year five. Five-year ROI reaches 83.47% and total cumulative return in cash sums $94,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,669/mo payment, not borrower’s personal income.
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: Jimmy McClurg • Meritage Homes of the Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328464