505 Bellhaven CtSalemSC29676
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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 505 Bellhaven Ct, Salem, SC, 29676 priced at $1,799,000 converts $5,576/mo rent into after a $8,805/mo obligation. Total monthly income equals $5,576/mo. Return on cash invested prints 9.8% in year one, and rental yield reads 3.72% against a $1,799,000 entry. Equity gained on principal adds $11,609/yr, while 5% annual appreciation compiles into $497,031 by year five. Five-year ROI reaches 48.23% and total cumulative return in cash sums $281,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,576/mo property income covering a $8,805/mo payment, not borrower’s personal income.
Single Family
Built in 2023
1.43 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
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Listed by: Andrea Owens-Meadows • Justin Winter & Assoc - Mid Lake
Mls Name: WUMLS
Mls ID: #20296382