Good Investment? Salisbury NC for STR or Long Term

[Shannon McQueen]

Is Salisbury, NC a Good Place for MTR/Long-Term Investing? 

Hey everyone! I’m exploring a potential investment in Salisbury, NC and would love some insight from those familiar with the area.

Here’s the situation: there’s a 3 bed/2 bath home listed for $170K, but the owner said they’d take $130K if the current tenants (who are paying $1,600/month) can stay. It seems like a great opportunity, but as someone based in DC, I don’t know much about Salisbury.

I see that it's fairly close to a hospital, which could be good for medium-term rentals (MTR), and it's also near a university, which might attract long-term renters.

For those with experience in this market, I’d appreciate your thoughts!

• Is Salisbury a good place for medium-term rentals (MTR) or long-term investments?
• What should I know, ask, or consider before moving forward?
• What are the property taxes like? Any regulations or risks I should be aware of?
• Anyone currently have rentals here or nearby? How’s your experience been?

I’d love to make this happen, but any advice or guidance for a newbie investor would be much appreciated! 🙏