130 Cherokee LnSalisburyNC28147
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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
Investment property for sale in Salisbury at 130 Cherokee Ln, Salisbury, NC, 28147 uses $112,379 cash to close to unlock $1,226/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,659/mo payment keeps the spread at $102/mo. Purchase price stands at $339,000, and rental yield measures 7.67% with $2,168/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 108.6% and total cumulative return in cash records $122,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.37 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
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Listed by: Tim McLendon • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334676