503 Tall Ship Dr UNIT 202SalemSC29676
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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 503 Tall Ship Dr UNIT 202, Salem, SC, 29676 earns from $2,716/mo rent with a $2,232/mo payment. Total monthly income totals $2,716/mo. ROI tracks 17.71% on current figures, and rental yield reads 7.15% at a $456,000 purchase. Equity gained on principal adds $2,943/yr, and 5% annual appreciation supports $125,984 over five years. Five-year ROI reaches 91.53% and total cumulative return in cash sums $138,354. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,716/mo property income instead of your personal income.
Condo
Built in 1986
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: Sue Brown • Allen Tate/Savvy Realty
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1537804
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.