265 Saint Matthews Church RdSalisburyNC28146
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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 265 Saint Matthews Church Rd, Salisbury, NC, 28146 priced at $724,900 converts $2,340/mo rent into after a $3,548/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 9.61% in year one, and rental yield reads 3.87% against a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,277 by year five. Five-year ROI reaches 47.44% and total cumulative return in cash sums $113,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $3,548/mo payment, not borrower’s personal income.
Single Family
Built in 2021
5.77 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: Kelly Hammond • Call It Closed International Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311071