200 N Martin Luther King Jr AveSalisburyNC28144
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
Investment property for sale in Salisbury at 200 N Martin Luther King Jr Ave, Salisbury, NC, 28144 earns $566/mo cash flow from $1,526/mo rent with a $771/mo payment. Total monthly income totals $1,526/mo, and annual cash flow totals $6,792/yr on $52,211 capital. ROI tracks 32.92% on current figures, and rental yield reads 11.63% at a $157,500 purchase. Equity gained on principal adds $1,016/yr, and 5% annual appreciation supports $43,514 over five years. Five-year ROI reaches 172.46% and total cumulative return in cash sums $90,045. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,526/mo property income instead of your personal income.
Single Family
Built in 1920
0.11 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: Chris Puckett • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280378