601 Laurel Lake RdSalemburgNC28385
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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 Salemburg at 601 Laurel Lake Rd, Salemburg, NC, 28385 priced at $309,000 pairs $2,280/mo rent with $397/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $4,766/yr on $102,434 invested. Return on cash invested is 24.56% in year one, and rental yield stands at 8.85% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 127.7% and total cumulative return in cash reaches $130,805. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28385, Salemburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 808 (67.4%) |
| Renter Occupied HU | 253 (21.1%) |
| Vacant Housing Units | 138 (11.5%) |
| Median Home Value | $161,111 |
| Average Home Value | $192,877 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
40
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Listed by: DARK HORSE GROUP POWERED BY LPT REALTY • LPT REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #746691
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.