401 Crossbill 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 401 Crossbill Ct, Salem, SC, 29676 offers $6,100/mo rent that, after a $9,197/mo payment. Total monthly income is $6,100/mo. Return on cash invested measures 10.35% in year one, and rental yield stands at 3.9% at a $1,879,000 entry. Equity gained on principal adds $12,125/yr while 5% annual appreciation compounds into $519,133 by year five. Five-year ROI records 51.14% and total cumulative return in cash reaches $311,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,100/mo property income versus a $9,197/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.85 Acres 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: Trip Agerton • Justin Winter & Assoc
Mls Name: WUMLS
Mls ID: #20293637