13 Passage LnSalemSC29676
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 Salem at 13 Passage Ln, Salem, SC, 29676 at $699,000 posts ROI 14.86% with from $3,164/mo rent. Total monthly income equals $3,164/mo. Return on cash invested measures 14.86% and rental yield reads 5.43% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 75.43% and total cumulative return in cash totals $173,462. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
0.37 Acres lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Jan Rector • Howard Hanna Allen Tate - Lake Keowee North
Mls Name: WUMLS
Mls ID: #20291688