37 Par Harbor WaySalemSC29676
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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 37 Par Harbor Way, Salem, SC, 29676 uses $95,804 cash to close to unlock $9,950/yr annual cash flow and $829/mo monthly cash flow. Total monthly income runs $2,550/mo, and a $1,415/mo payment keeps the spread at $829/mo. Purchase price stands at $289,000, and rental yield measures 10.59% with $2,550/mo rent. Return on cash invested shows 30.29% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 158.26% and total cumulative return in cash records $151,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,550/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1989
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
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Listed by: Amy Twitty • eXp Realty Lake Keowee
Mls Name: WUMLS
Mls ID: #20291836