125 Chesapeake DrSalisburyNC28147
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 125 Chesapeake Dr, Salisbury, NC, 28147 at $140,000 posts ROI 26.04% with $237/mo cash flow from $1,090/mo rent. Total monthly income equals $1,090/mo, and annual cash flow records $2,844/yr on $46,410 to close. Return on cash invested measures 26.04% and rental yield reads 9.34% at the current $140,000. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 by year five. Five-year ROI prints 135.59% and total cumulative return in cash totals $62,926.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,090/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1995
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28147, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,649 (100%) |
| Owner Occupied HU | 6,894 (59.2%) |
| Renter Occupied HU | 3,774 (32.4%) |
| Vacant Housing Units | 981 ( 8.4%) |
| Median Home Value | $269,779 |
| Average Home Value | $295,947 |
Housing Distribution
Address Breakdown
Residential
10,954
Single Family
9,801
Multi-Family
1,153
Businesses
650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis Rabon • Premier Real Estate Team Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321571