251 Elaine DrSalemSC29676
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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
Investment property for sale in Salem at 251 Elaine Dr, Salem, SC, 29676 with 5% annual appreciation on a $137,500 basis while $1,087/mo rent supports operations. Total monthly income totals $1,087/mo and a $673/mo payment preserves $268/mo for cash returns. Annual cash flow comes to $3,222/yr on $45,581 deployed, and return on cash invested reaches 26.98% in year one. Equity gained on principal adds $887/yr, and five-year appreciation sums $37,989 alongside rental yield of 9.49%. Five-year ROI measures 140.46% and total cumulative return in cash totals $64,025.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,087/mo property income versus a $673/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
0.45 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: James Kesler • Kesler & Associates
Mls Name: WUMLS
Mls ID: #20295125