611 Laurel Lake RdSalemburgNC28385
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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 Salemburg at 611 Laurel Lake Rd, Salemburg, NC, 28385 earns $660/mo cash flow from $2,464/mo rent with a $1,449/mo payment. Total monthly income totals $2,464/mo, and annual cash flow totals $7,918/yr on $98,124 capital. ROI tracks 27.98% on current figures, and rental yield reads 9.99% at a $296,000 purchase. Equity gained on principal adds $1,910/yr, and 5% annual appreciation supports $81,779 over five years. Five-year ROI reaches 145.97% and total cumulative return in cash sums $143,236. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,464/mo property income instead of your personal income.
Single Family
Built in 2022
0.92 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: Lindsey Edith Elmore Godwin • Elmore Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10107286