234 Bay View DrSalemSC29676
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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 234 Bay View Dr, Salem, SC, 29676 offers $4,572/mo rent that, after a $6,192/mo payment. Total monthly income is $4,572/mo. Return on cash invested measures 11.71% in year one, and rental yield stands at 4.34% at a $1,265,000 entry. Equity gained on principal adds $8,163/yr while 5% annual appreciation compounds into $349,496 by year five. Five-year ROI records 58.45% and total cumulative return in cash reaches $239,563. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,572/mo property income versus a $6,192/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.28 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: Diannia Griffith • Bob Hill Realty
Mls Name: WUMLS
Mls ID: #20289327