305 Hickory LnSalisburyNC28147
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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 305 Hickory Ln, Salisbury, NC, 28147 generates $2,256/mo in rent and, after a $871/mo payment, leaves $1,171/mo in cash flow. Total monthly income is $2,256/mo, and annual cash flow is $14,057/yr on $58,994 invested. Return on cash invested sits at 43.74% in year one, and rental yield is 15.21% on a $177,962 entry. Equity gained on principal adds $1,148/yr, while 5% annual appreciation builds toward $49,168 over five years. Five-year ROI reaches 230.55% and total cumulative return in cash sums $136,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,256/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1 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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