2039 Stone Mill DrSalemVA24153
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 2039 Stone Mill Dr, Salem, VA, 24153 offers $3,874/mo rent that, after a $2,579/mo payment, leaves $663/mo cash flow. Total monthly income is $3,874/mo, and annual cash flow is $7,956/yr on $173,383 cash. Return on cash invested measures 24.65% in year one, and rental yield stands at 8.82% at a $527,000 entry. Equity gained on principal adds $3,401/yr while 5% annual appreciation compounds into $145,600 by year five. Five-year ROI records 128.13% and total cumulative return in cash reaches $222,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,874/mo property income versus a $2,579/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janie Whitlow • THE REAL ESTATE GROUP
Mls Name: RVAR
Mls Provider:
Mls ID: #914490
Disclaimer: Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified.