303 Riverland DrSalemVA24153
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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
Investment property for sale in Salem at 303 Riverland Dr, Salem, VA, 24153 at $249,950 posts ROI 30.19% with $710/mo cash flow from $2,204/mo rent. Total monthly income equals $2,204/mo, and annual cash flow records $8,523/yr on $82,858 to close. Return on cash invested measures 30.19% and rental yield reads 10.58% at the current $249,950. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,057 by year five. Five-year ROI prints 157.77% and total cumulative return in cash totals $130,722.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,204/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24153, Salem, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 11,469 (68.0%) |
| Renter Occupied HU | 4,141 (24.5%) |
| Vacant Housing Units | 1,264 ( 7.5%) |
| Median Home Value | $317,038 |
| Average Home Value | $367,775 |
Housing Distribution
Address Breakdown
Residential
16,321
Single Family
15,046
Multi-Family
1,275
Businesses
1,603
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