404 Bethel DrSalisburyNC28144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 Bethel Dr, Salisbury, NC, 28144 priced at $619,000 converts $3,407/mo rent into after a $3,030/mo obligation. Total monthly income equals $3,407/mo. Return on cash invested prints 17.9% in year one, and rental yield reads 6.6% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 91.95% and total cumulative return in cash sums $187,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,407/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.65 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Keller • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4275816