704 Willow RdSalisburyNC28147
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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 704 Willow Rd, Salisbury, NC, 28147 priced at $200,000 pairs $1,780/mo rent with $561/mo cash flow after a $979/mo payment. Total monthly income equals $1,780/mo, and annual cash flow comes to $6,732/yr on $66,300 invested. Return on cash invested is 30.06% in year one, and rental yield stands at 10.68% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 157.17% and total cumulative return in cash reaches $104,204. For financing, Ziffy Mortgage’s DSCR program evaluates $1,780/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28147, Salisbury, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,649 (100%) |
| Owner Occupied HU | 6,894 (59.2%) |
| Renter Occupied HU | 3,774 (32.4%) |
| Vacant Housing Units | 981 ( 8.4%) |
| Median Home Value | $269,779 |
| Average Home Value | $295,947 |
Housing Distribution
Address Breakdown
Residential
10,954
Single Family
9,801
Multi-Family
1,153
Businesses
650
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Listed by: CeCe Baxter • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298953