720 E Council StSalisburyNC28144
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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 720 E Council St, Salisbury, NC, 28144 generates $1,410/mo in rent and, after a $881/mo payment, leaves $313/mo in cash flow. Total monthly income is $1,410/mo, and annual cash flow is $3,756/yr on $59,670 invested. Return on cash invested sits at 26.2% in year one, and rental yield is 9.4% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 136.44% and total cumulative return in cash sums $81,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.44 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
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Listed by: Javin Daniels • Daniels Real Estate Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312413