255 Lariat CirSalisburyNC28144
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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 255 Lariat Cir, Salisbury, NC, 28144 earns from $1,819/mo rent with a $1,810/mo payment. Total monthly income totals $1,819/mo. ROI tracks 15.65% on current figures, and rental yield reads 5.9% at a $369,777 purchase. Equity gained on principal adds $2,386/yr, and 5% annual appreciation supports $102,163 over five years. Five-year ROI reaches 79.93% and total cumulative return in cash sums $97,975. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,819/mo property income instead of your personal income.
Single Family
Built in 1967
0.91 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: Keith Knight • Wallace Realty Company
Mls Name: Triad MLS
Mls ID: #1206472