1165 S Division St, Salisbury, MD, 21804 | $869/mo Cash Flow

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1165 S Division St, Salisbury, MD, 21804 | $869/mo Cash Flow | Ziffy

Pending

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salisbury at 1165 S Division St, Salisbury, MD, 21804 with 5% annual appreciation on a $194,900 basis while $2,081/mo rent supports operations. Total monthly income totals $2,081/mo and a $954/mo payment preserves $869/mo for cash returns. Annual cash flow comes to $10,425/yr on $64,609 deployed, and return on cash invested reaches 36.04% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,847 alongside rental yield of 12.81%. Five-year ROI measures 189.41% and total cumulative return in cash totals $122,379.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,081/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1975

2,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Have you been looking for that diamond in the rough that you can put a little sweat equity into and enjoy a lower payment? Look no further! This 4 bedroom 1.5 bathroom townhome is waiting on it's new owners to come and introduce themselves, and bring their imagination to help it shine again. This home features hard flooring throughout the majority of the home, with ceramic tile in kitchen, bathrooms, and foyer, and LVP throughout bedrooms and living area. The efficient galley-style kitchen is situated off an open living/dining combination area. Downstairs you'll find one bedroom and a half bathroom, and upstairs you'll find 3 additional bedrooms, including one of which is oversized, and a full bathroom featuring a full tub/shower encased in shower doors for ease of maintenance. All of the big renovations have been taken care of, the 30-year architectural roof was installed 4 years ago, and the HVAC system being approximately 6 years old, and replacement vinyl windows to boot! Bring your painting supplies and imagination, it won't take much to make this gem sparkle once more! Enjoy urban living or a high-producing investment property, located just minutes from Salisbury University, the rapidly-growing downtown Salisbury area, with shopping, dining, recreation, and healthcare, while under an hours drive to Maryland and Delaware beaches. Call for your private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21804, Salisbury, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,230 (100%)
Owner Occupied HU	8,323 (45.7%)
Renter Occupied HU	8,440 (46.3%)
Vacant Housing Units	1,467 ( 8.0%)
Median Home Value	$273,376
Average Home Value	$335,430