190 Westway 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 190 Westway Ln, Salisbury, NC, 28147 uses $71,199 cash to close to unlock $8,187/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $1,991/mo, and a $1,051/mo payment keeps the spread at $682/mo. Purchase price stands at $214,777, and rental yield measures 11.12% with $1,991/mo rent. Return on cash invested shows 31.41% in year one, and 5% annual appreciation builds toward $59,339 over five years. Five-year ROI reaches 164.43% and total cumulative return in cash records $117,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,991/mo property income covering a $1,051/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
1.03 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: Yolanda Rojas • Arey Realty
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1189555
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