304 N Fayetteville 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 304 N Fayetteville St, Salemburg, NC, 28385 uses $46,045 cash to close to unlock $2,812/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $1,081/mo, and a $680/mo payment keeps the spread at $234/mo. Purchase price stands at $138,900, and rental yield measures 9.34% with $1,081/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $38,376 over five years. Five-year ROI reaches 135.55% and total cumulative return in cash records $62,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,081/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.47 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: aiyana lutkiewicz • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10125688