215 Meadow Lake DrSalisburyNC28146
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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 215 Meadow Lake Dr, Salisbury, NC, 28146 at $420,000 posts ROI 16.55% with from $2,170/mo rent. Total monthly income equals $2,170/mo. Return on cash invested measures 16.55% and rental yield reads 6.2% at the current $420,000. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 by year five. Five-year ROI prints 84.69% and total cumulative return in cash totals $117,907. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,170/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
0.74 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: Susanna Barinowski • Keller Williams Premier
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291335