3648 McDaniel Dr, Salem, VA, 24153 | 6.24% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,920/mo, and a $1,806/mo payment. Purchase price stands at $369,000, and rental yield measures 6.24% with $1,920/mo rent. Return on cash invested shows 17.11% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 87.56% and total cumulative return in cash records $107,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,806/mo payment rather than investor’s personal income.

Manufactured

Built in 2025

0.31 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