260 Correll 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
Rental property for sale in Salisbury at 260 Correll St, Salisbury, NC, 28144 generates $1,171/mo in rent and, after a $734/mo payment, leaves $257/mo in cash flow. Total monthly income is $1,171/mo, and annual cash flow is $3,084/yr on $49,725 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 9.37% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 135.95% and total cumulative return in cash sums $67,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,171/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.27 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: Nayilah Williams • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314119