19 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
Rental property for sale in Salem at 19 Passage Ln, Salem, SC, 29676 priced at $675,000 converts $4,292/mo rent into $274/mo cash flow after a $3,304/mo obligation. Total monthly income equals $4,292/mo, and annual cash flow totals $3,284/yr on $222,075 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 7.63% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 111.24% and total cumulative return in cash sums $247,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,292/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.67 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: The Cason Group • Keller Williams Seneca
Mls Name: WUMLS
Mls ID: #20292038