504 Barringer StSalisburyNC28146
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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 504 Barringer St, Salisbury, NC, 28146 generates $2,114/mo in rent and, after a $1,683/mo payment, leaves $18/mo in cash flow. Total monthly income is $2,114/mo, and annual cash flow is $221/yr on $113,970 invested. Return on cash invested sits at 20.1% in year one, and rental yield is 7.38% on a $343,800 entry. Equity gained on principal adds $2,218/yr, while 5% annual appreciation builds toward $94,986 over five years. Five-year ROI reaches 103.78% and total cumulative return in cash sums $118,283. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,114/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28146, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,710 (100%) |
| Owner Occupied HU | 10,285 (69.9%) |
| Renter Occupied HU | 3,181 (21.6%) |
| Vacant Housing Units | 1,244 ( 8.5%) |
| Median Home Value | $293,102 |
| Average Home Value | $349,013 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
13,159
Multi-Family
293
Businesses
389
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