900 N Salisbury AveSpencerNC28159
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 Spencer at 900 N Salisbury Ave, Spencer, NC, 28159 at $239,900 posts ROI 26.22% with $418/mo cash flow from $1,880/mo rent. Total monthly income equals $1,880/mo, and annual cash flow records $5,017/yr on $79,527 to close. Return on cash invested measures 26.22% and rental yield reads 9.4% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 136.6% and total cumulative return in cash totals $108,631.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,880/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28159, Spencer, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,419 (100%) |
| Owner Occupied HU | 742 (52.3%) |
| Renter Occupied HU | 502 (35.4%) |
| Vacant Housing Units | 175 (12.3%) |
| Median Home Value | $187,342 |
| Average Home Value | $265,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,289
Multi-Family
8
Businesses
128
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Listed by: Tonya Johnson • Keller Williams Premier
Mls Name: Triad MLS
Mls ID: #1187624