259 W Main StSalemSC29676
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
Investment property for sale in Salem at 259 W Main St, Salem, SC, 29676 at $295,000 posts ROI 27.17% with $592/mo cash flow from $2,348/mo rent. Total monthly income equals $2,348/mo, and annual cash flow records $7,102/yr on $97,793 to close. Return on cash invested measures 27.17% and rental yield reads 9.55% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 141.46% and total cumulative return in cash totals $138,338.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,348/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2007
2.24 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Herron • Howard Hanna Allen Tate - Lake Keowee North
Mls Name: WUMLS
Mls ID: #20290490