223 Ross StSalemVA24153
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 223 Ross St, Salem, VA, 24153 priced at $250,000 pairs $1,752/mo rent with $158/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,752/mo, and annual cash flow comes to $1,893/yr on $82,875 invested. Return on cash invested is 22.19% in year one, and rental yield stands at 8.41% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 115.33% and total cumulative return in cash reaches $95,578. For financing, Ziffy Mortgage’s DSCR program evaluates $1,752/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2010
1,742 sqft lot
$N/A/sqft
$80 monthly 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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Listed by: Mary Quick Mann • LICHTENSTEIN ROWAN, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #916580
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