131 Harbor Lights DrSalemSC29676
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 131 Harbor Lights Dr, Salem, SC, 29676 at $389,000 posts ROI 23.98% with $438/mo cash flow from $3,600/mo rent. Total monthly income equals $3,600/mo, and annual cash flow records $5,255/yr on $128,954 to close. Return on cash invested measures 23.98% and rental yield reads 11.11% at the current $389,000. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 by year five. Five-year ROI prints 127.22% and total cumulative return in cash totals $164,058.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1981
N/A lot
$N/A/sqft
$7,943 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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Nearby investment properties with comparable prices
Listed by: Lauren Queen • Keller Williams Seneca
Mls Name: WUMLS
Mls Provider:
Mls ID: #20287922
Disclaimer: The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.