272 Jocassee Ridge WaySalemSC29676
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
Rental property for sale in Salem at 272 Jocassee Ridge Way, Salem, SC, 29676 offers $5,406/mo rent that, after a $3,646/mo payment, leaves $972/mo cash flow. Total monthly income is $5,406/mo, and annual cash flow is $11,659/yr on $245,105 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 8.71% at a $745,000 entry. Equity gained on principal adds $4,807/yr while 5% annual appreciation compounds into $205,830 by year five. Five-year ROI records 128.82% and total cumulative return in cash reaches $315,740. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,406/mo property income versus a $3,646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.55 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: Jim Smith • Keller Williams Luxury Lake Living
Mls Name: WUMLS
Mls ID: #20295945