301 S Main StSalemburgNC28385
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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 Salemburg at 301 S Main St, Salemburg, NC, 28385 listed at $124,750 pairs $954/mo rent with a $611/mo payment to leave $193/mo cash flow. Total monthly income runs $954/mo, and annual cash flow reaches $2,320/yr on $41,355 cash to close. Return on cash invested measures 25.52% in year one, and rental yield registers 9.18% at a $124,750 basis. Equity gained on principal adds $805/yr, and annual property appreciation at 5% supports $34,466 by year five. Five-year ROI tracks 132.9% and total cumulative return in cash totals $54,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28385, Salemburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 808 (67.4%) |
| Renter Occupied HU | 253 (21.1%) |
| Vacant Housing Units | 138 (11.5%) |
| Median Home Value | $161,111 |
| Average Home Value | $192,877 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
40
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Listed by: AISLING BONNER • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls ID: #751701