3425 Choctaw RdSalemVA24153
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
Investment property for sale in Salem at 3425 Choctaw Rd, Salem, VA, 24153 at $175,000 posts ROI 27.07% with $346/mo cash flow from $1,393/mo rent. Total monthly income equals $1,393/mo, and annual cash flow records $4,157/yr on $58,013 to close. Return on cash invested measures 27.07% and rental yield reads 9.55% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 141.02% and total cumulative return in cash totals $81,811.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,393/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
0.34 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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Listed by: Lisa Martin • BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - NORTH
Mls Name: RVAR
Mls Provider:
Mls ID: #911998
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