227 W 11th StSalisburyNC28144
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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 227 W 11th St, Salisbury, NC, 28144 offers a 8.92% rental yield on a $234,500 purchase with $1,744/mo rent. Total monthly income registers $1,744/mo, and a $1,148/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,775/yr on $77,737 to close, and return on cash invested stands at 24.77% in year one. Equity gained on principal adds $1,513/yr while 5% annual appreciation supports $64,788 over five years. Portfolio math shows five-year ROI at 128.78% and total cumulative return in cash at $100,108. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,744/mo property income against a $1,148/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
0.20 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
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Listed by: Andy Rodriguez • Fathom Realty NC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312575