6400 Bringle Ferry RdSalisburyNC28146
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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 6400 Bringle Ferry Rd, Salisbury, NC, 28146 generates $802/mo in rent and, after a $489/mo payment, leaves $193/mo in cash flow. Total monthly income is $802/mo, and annual cash flow is $2,316/yr on $33,150 invested. Return on cash invested sits at 26.9% in year one, and rental yield is 9.62% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 140.14% and total cumulative return in cash sums $46,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $802/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.81 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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Listed by: Karla Leonard • New Pointe Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328681