312 Cypress StSalemVA24153
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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
Rental property for sale in Salem at 312 Cypress St, Salem, VA, 24153 priced at $269,950 pairs $1,753/mo rent with $140/mo cash flow after a $1,321/mo payment. Total monthly income equals $1,753/mo, and annual cash flow comes to $1,675/yr on $89,488 invested. Return on cash invested is 21.78% in year one, and rental yield stands at 7.79% on a $269,950 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,582 by year five. Five-year ROI measures 112.62% and total cumulative return in cash reaches $100,785. For financing, Ziffy Mortgage’s DSCR program evaluates $1,753/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1998
3,920 sqft 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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