202 Cedarwood DrSalisburyNC28147
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 202 Cedarwood Dr, Salisbury, NC, 28147 earns $267/mo cash flow from $3,223/mo rent with a $2,374/mo payment. Total monthly income totals $3,223/mo, and annual cash flow totals $3,204/yr on $160,778 capital. ROI tracks 21.9% on current figures, and rental yield reads 7.97% at a $485,000 purchase. Equity gained on principal adds $3,130/yr, and 5% annual appreciation supports $133,997 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash sums $182,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,223/mo property income instead of your personal income.
Single Family
Built in 1975
0.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Rufty • TMR Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1190139