275 Callaway DrSalisburyNC28146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 275 Callaway Dr, Salisbury, NC, 28146 earns $103/mo cash flow from $1,943/mo rent with a $1,478/mo payment. Total monthly income totals $1,943/mo, and annual cash flow totals $1,231/yr on $100,113 capital. ROI tracks 21.14% on current figures, and rental yield reads 7.72% at a $302,000 purchase. Equity gained on principal adds $1,949/yr, and 5% annual appreciation supports $83,437 over five years. Five-year ROI reaches 109.32% and total cumulative return in cash sums $109,444. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,943/mo property income instead of your personal income.
Single Family
Built in 1976
1.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Gutheil • Redfin Corporation
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1158363
Disclaimer: Copyright 2024 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for scraping and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.s, Internet Data Exchange Database. Data cannot be redistributed and cannot be used for any reason other than provided in the contract.