340 Freedom DrSalisburyNC28147
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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 Salisbury at 340 Freedom Dr, Salisbury, NC, 28147 with 5% annual appreciation on a $245,000 basis while $2,123/mo rent supports operations. Total monthly income totals $2,123/mo and a $1,199/mo payment preserves $630/mo for cash returns. Annual cash flow comes to $7,560/yr on $81,218 deployed, and return on cash invested reaches 29.22% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 10.4%. Five-year ROI measures 152.61% and total cumulative return in cash totals $123,948.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,123/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
0.41 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: Mary Howard • Red Boots Realty, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332756