1300 Larchmont Pl APT 208SalisburyNC28144
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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 1300 Larchmont Pl APT 208, Salisbury, NC, 28144 offers a 9.06% rental yield on a $139,900 purchase with $1,056/mo rent. Total monthly income registers $1,056/mo, and a $685/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,437/yr on $46,377 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 131.01% and total cumulative return in cash at $60,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,056/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
0.01 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: Cathy Griffin • Century 21 Towne and Country
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298032