120 Mitchell St ESalisburyNC28144
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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 120 Mitchell St E, Salisbury, NC, 28144 generates $1,956/mo in rent and, after a $1,101/mo payment, leaves $585/mo in cash flow. Total monthly income is $1,956/mo, and annual cash flow is $7,020/yr on $74,588 invested. Return on cash invested sits at 29.32% in year one, and rental yield is 10.43% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 153.17% and total cumulative return in cash sums $114,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,956/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.22 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: Stephanie Brown • Northway Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332088