231 Park AveSalemSC29676
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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
Investment property for sale in Salem at 231 Park Ave, Salem, SC, 29676 listed at $391,000 pairs $2,612/mo rent with a $1,914/mo payment to leave $284/mo cash flow. Total monthly income runs $2,612/mo, and annual cash flow reaches $3,410/yr on $129,617 cash to close. Return on cash invested measures 22.54% in year one, and rental yield registers 8.02% at a $391,000 basis. Equity gained on principal adds $2,523/yr, and annual property appreciation at 5% supports $108,026 by year five. Five-year ROI tracks 116.66% and total cumulative return in cash totals $151,210. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,612/mo property income relative to a $1,914/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
11 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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Listed by: Suzanne Cook • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1504398
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.