3705 Hawley DrSalemVA24153
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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 3705 Hawley Dr, Salem, VA, 24153 uses $86,190 cash to close to unlock $5,523/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,042/mo, and a $1,273/mo payment keeps the spread at $460/mo. Purchase price stands at $260,000, and rental yield measures 9.42% with $2,042/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 137.09% and total cumulative return in cash records $118,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,042/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.32 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: Austin Bousman • Re/Max All Stars Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #360440
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.