701 S Fulton StSalisburyNC28144
Nearby investment properties with comparable rents
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
Investment property for sale in Salisbury at 701 S Fulton St, Salisbury, NC, 28144 with 5% annual appreciation on a $275,000 basis while $1,895/mo rent supports operations. Total monthly income totals $1,895/mo and a $1,346/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,628/yr on $91,163 deployed, and return on cash invested reaches 22.79% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 8.27%. Five-year ROI measures 118.17% and total cumulative return in cash totals $107,723.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,895/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.21 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leska Gilbert • Keller Williams Premier
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284297