285 Hannah AveSalisburyNC28147
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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 285 Hannah Ave, Salisbury, NC, 28147 priced at $310,000 pairs $2,027/mo rent with $138/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,027/mo, and annual cash flow comes to $1,656/yr on $102,765 invested. Return on cash invested is 21.52% in year one, and rental yield stands at 7.85% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 111.34% and total cumulative return in cash reaches $114,415. For financing, Ziffy Mortgage’s DSCR program evaluates $2,027/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28147, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,649 (100%) |
| Owner Occupied HU | 6,894 (59.2%) |
| Renter Occupied HU | 3,774 (32.4%) |
| Vacant Housing Units | 981 ( 8.4%) |
| Median Home Value | $269,779 |
| Average Home Value | $295,947 |
Housing Distribution
Address Breakdown
Residential
10,954
Single Family
9,801
Multi-Family
1,153
Businesses
650
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Listed by: Karin Hull • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4274337