817 S Church 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
Investment property for sale in Salisbury at 817 S Church St, Salisbury, NC, 28144 with 5% annual appreciation on a $226,500 basis while $1,715/mo rent supports operations. Total monthly income totals $1,715/mo and a $1,109/mo payment preserves $334/mo for cash returns. Annual cash flow comes to $4,010/yr on $75,085 deployed, and return on cash invested reaches 25.25% in year one. Equity gained on principal adds $1,462/yr, and five-year appreciation sums $62,578 alongside rental yield of 9.09%. Five-year ROI measures 131.4% and total cumulative return in cash totals $98,664.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,715/mo property income versus a $1,109/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.18 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: Henry Phillips • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4162675
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