402 E Horah St #35SalisburyNC28144
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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 402 E Horah St #35, Salisbury, NC, 28144 earns $223/mo cash flow from $1,594/mo rent with a $1,101/mo payment. Total monthly income totals $1,594/mo, and annual cash flow totals $2,676/yr on $74,588 capital. ROI tracks 23.5% on current figures, and rental yield reads 8.5% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash sums $90,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,594/mo property income instead of your personal income.
Single Family
Built in 1965
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28144, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,134 (100%) |
| Owner Occupied HU | 6,065 (50.0%) |
| Renter Occupied HU | 4,831 (39.8%) |
| Vacant Housing Units | 1,238 (10.2%) |
| Median Home Value | $267,215 |
| Average Home Value | $297,064 |
Housing Distribution
Address Breakdown
Residential
11,029
Single Family
10,382
Multi-Family
647
Businesses
1,108
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Listed by: Pete Kennedy • Kennedy Family Services Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322133