204 Morlan Park RdSalisburyNC28146
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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 204 Morlan Park Rd, Salisbury, NC, 28146 listed at $228,000 pairs $1,996/mo rent with a $1,116/mo payment to leave $606/mo cash flow. Total monthly income runs $1,996/mo, and annual cash flow reaches $7,277/yr on $75,582 cash to close. Return on cash invested measures 29.54% in year one, and rental yield registers 10.51% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 154.37% and total cumulative return in cash totals $116,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,996/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28146, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,710 (100%) |
| Owner Occupied HU | 10,285 (69.9%) |
| Renter Occupied HU | 3,181 (21.6%) |
| Vacant Housing Units | 1,244 ( 8.5%) |
| Median Home Value | $293,102 |
| Average Home Value | $349,013 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
13,159
Multi-Family
293
Businesses
389
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Listed by: Deborah Johnson • Century 21 Towne and Country
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328779