321 Coveview CtSalemSC29676
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 321 Coveview Ct, Salem, SC, 29676 offers $3,936/mo rent that, after a $2,202/mo payment, leaves $1,258/mo cash flow. Total monthly income is $3,936/mo, and annual cash flow is $15,094/yr on $149,142 cash. Return on cash invested measures 30.03% in year one, and rental yield stands at 10.5% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 156.8% and total cumulative return in cash reaches $233,854. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,936/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A 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: Jim Smith • Keller Williams Luxury Lake Living
Mls Name: WUMLS
Mls ID: #20296334