170 Saint James WaySalisburyNC28147
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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
Total monthly income runs $2,857/mo, and a $2,937/mo payment. Purchase price stands at $600,000, and rental yield measures 5.71% with $2,857/mo rent. Return on cash invested shows 15.2% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 77.4% and total cumulative return in cash records $152,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.92 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: Britney Biles • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325625