138 W Calhoun StSalemVA24153
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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
Rental property for sale in Salem at 138 W Calhoun St, Salem, VA, 24153 priced at $379,300 pairs $2,897/mo rent with $510/mo cash flow after a $1,856/mo payment. Total monthly income equals $2,897/mo, and annual cash flow comes to $6,120/yr on $125,738 invested. Return on cash invested is 24.78% in year one, and rental yield stands at 9.17% on a $379,300 basis. Equity gained on principal adds $2,448/yr, and 5% annual appreciation accumulates to $104,794 by year five. Five-year ROI measures 129.06% and total cumulative return in cash reaches $162,273. For financing, Ziffy Mortgage’s DSCR program evaluates $2,897/mo property income against a $1,856/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in 2022
2,134 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24153, Salem, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 11,469 (68.0%) |
| Renter Occupied HU | 4,141 (24.5%) |
| Vacant Housing Units | 1,264 ( 7.5%) |
| Median Home Value | $317,038 |
| Average Home Value | $367,775 |
Housing Distribution
Address Breakdown
Residential
16,321
Single Family
15,046
Multi-Family
1,275
Businesses
1,603
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