1000-2 Captains Cove CtSalemSC29676
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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 Salem at 1000-2 Captains Cove Ct, Salem, SC, 29676 uses $116,025 cash to close to unlock $5,852/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $2,779/mo, and a $1,713/mo payment keeps the spread at $488/mo. Purchase price stands at $349,999, and rental yield measures 9.53% with $2,779/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash records $151,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,779/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
$2,495 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29676, Salem, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,155 (100%) |
| Owner Occupied HU | 2,842 (68.4%) |
| Renter Occupied HU | 239 ( 5.8%) |
| Vacant Housing Units | 1,074 (25.8%) |
| Median Home Value | $648,244 |
| Average Home Value | $726,379 |
Housing Distribution
Address Breakdown
Residential
3,440
Single Family
3,252
Multi-Family
188
Businesses
121
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Listed by: Kirsten Zinkann • KELLER WILLIAMS GREENVILLE CENTRAL
Mls Name: SAR
Mls Provider:
Mls ID: #323236
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.