175 Country LnSalisburyNC28144
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
Rental property for sale in Salisbury at 175 Country Ln, Salisbury, NC, 28144 priced at $107,000 pairs $845/mo rent with $193/mo cash flow after a $524/mo payment. Total monthly income equals $845/mo, and annual cash flow comes to $2,311/yr on $35,471 invested. Return on cash invested is 26.42% in year one, and rental yield stands at 9.48% on a $107,000 basis. Equity gained on principal adds $690/yr, and 5% annual appreciation accumulates to $29,562 by year five. Five-year ROI measures 137.74% and total cumulative return in cash reaches $48,858. For financing, Ziffy Mortgage’s DSCR program evaluates $845/mo property income against a $524/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
0.71 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Rapp • Salisbury Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307640