513 Lincolnton RdSalisburyNC28144
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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 513 Lincolnton Rd, Salisbury, NC, 28144 priced at $250,000 pairs $2,012/mo rent with $488/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,012/mo, and annual cash flow comes to $5,856/yr on $82,875 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 9.66% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 140.59% and total cumulative return in cash reaches $116,518. For financing, Ziffy Mortgage’s DSCR program evaluates $2,012/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.20 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: Charles Lamere • CTL Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334946