214 S Main StFaithNC28146
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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 Faith at 214 S Main St, Faith, NC, 28146 uses $58,013 cash to close to unlock $3,240/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,337/mo, and a $857/mo payment keeps the spread at $270/mo. Purchase price stands at $175,000, and rental yield measures 9.17% with $1,337/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash records $76,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,337/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.45 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: Miriam Hernandez Ramirez • Rejoice Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340544