271 Jocassee Ridge WaySalemSC29676
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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
Rental property for sale in Salem at 271 Jocassee Ridge Way, Salem, SC, 29676 offers $4,885/mo rent that, after a $3,797/mo payment, leaves $267/mo cash flow. Total monthly income is $4,885/mo, and annual cash flow is $3,205/yr on $255,197 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 7.56% at a $775,676 entry. Equity gained on principal adds $5,005/yr while 5% annual appreciation compounds into $214,305 by year five. Five-year ROI records 110.06% and total cumulative return in cash reaches $280,863. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,885/mo property income versus a $3,797/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3.16 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: Jeff Merritt • Herlong Sotheby's International
Mls Name: WUMLS
Mls ID: #20293359