1943 Calvin AveSalisburyNC28147
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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
Rental property for sale in Salisbury at 1943 Calvin Ave, Salisbury, NC, 28147 generates $1,860/mo in rent and, after a $1,209/mo payment, leaves $355/mo in cash flow. Total monthly income is $1,860/mo, and annual cash flow is $4,255/yr on $81,877 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 9.04% on a $246,990 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation builds toward $68,239 over five years. Five-year ROI reaches 130.59% and total cumulative return in cash sums $106,921. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,860/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Century Complete
Mls Name: Century Communities
Mls Provider:
Mls ID: #N/A