1224 Red River DrSalisburyNC28144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Salisbury at 1224 Red River Dr, Salisbury, NC, 28144 at $265,685 posts ROI 20.88% with $71/mo cash flow from $1,740/mo rent. Total monthly income equals $1,740/mo, and annual cash flow records $854/yr on $88,075 to close. Return on cash invested measures 20.88% and rental yield reads 7.86% at the current $265,685. Equity gained on principal adds $1,714/yr, and 5% annual appreciation supports $73,404 by year five. Five-year ROI prints 108.21% and total cumulative return in cash totals $95,306.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.13 Acres lot
$N/A/sqft
$600 annually 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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Nearby investment properties with comparable prices
Listed by: Kim Shelton • SDH Charlotte LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4158497
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)