248 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 248 Bay View Dr, Salem, SC, 29676 priced at $957,400 pairs $3,642/mo rent with after a $4,686/mo payment. Total monthly income equals $3,642/mo. Return on cash invested is 11.93% in year one, and rental yield stands at 4.56% on a $957,400 basis. Equity gained on principal adds $6,178/yr, and 5% annual appreciation accumulates to $264,512 by year five. Five-year ROI measures 59.84% and total cumulative return in cash reaches $188,493. For financing, Ziffy Mortgage’s DSCR program evaluates $3,642/mo property income against a $4,686/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
1.35 Acres lot
$N/A/sqft
$907 annually 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: Joseph Blackton • BLACKTON PROPERTY PARTNERS
Mls Name: SAR
Mls Provider:
Mls ID: #315205
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.