420 E Bank StSalisburyNC28144
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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 420 E Bank St, Salisbury, NC, 28144 with 5% annual appreciation on a $329,000 basis while $1,958/mo rent supports operations. 39% in year one. Equity gained on principal adds $2,123/yr, and five-year appreciation sums $90,897 alongside rental yield of 7.14%. Five-year ROI measures 99.99% and total cumulative return in cash totals $109,053. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,958/mo property income versus a $1,610/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
0.21 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: Rob Bean • Bean Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283638