415 Pennsylvania AveSalemVA24153
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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
Rental property for sale in Salem at 415 Pennsylvania Ave, Salem, VA, 24153 offers $4,978/mo rent that, after a $3,193/mo payment, leaves $1,004/mo cash flow. Total monthly income is $4,978/mo, and annual cash flow is $12,045/yr on $214,640 cash. Return on cash invested measures 25.67% in year one, and rental yield stands at 9.16% at a $652,400 entry. Equity gained on principal adds $4,210/yr while 5% annual appreciation compounds into $180,246 by year five. Five-year ROI records 133.58% and total cumulative return in cash reaches $286,715. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,978/mo property income versus a $3,193/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1887
0.33 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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