953 Fairmont AveSalisburyNC28144
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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 953 Fairmont Ave, Salisbury, NC, 28144 earns $148/mo cash flow from $1,885/mo rent with a $1,395/mo payment. Total monthly income totals $1,885/mo, and annual cash flow totals $1,776/yr on $94,478 capital. ROI tracks 21.79% on current figures, and rental yield reads 7.94% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash sums $106,554. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,885/mo property income instead of your personal income.
Single Family
Built in 1956
0.27 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: Ciera Smith-Burch • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320438