870 Wisteria WaySalisburyNC28146
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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 870 Wisteria Way, Salisbury, NC, 28146 priced at $389,000 converts $2,604/mo rent into $233/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,604/mo, and annual cash flow totals $2,798/yr on $128,954 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 8.03% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 114.37% and total cumulative return in cash sums $147,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,604/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.15 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: Debbie Clontz • Debbie Clontz Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332973