509 Tall Ship Dr UNIT 207SalemSC29676
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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 509 Tall Ship Dr UNIT 207, Salem, SC, 29676 generates $3,035/mo in rent, after a $2,594/mo payment. Total monthly income is $3,035/mo. Return on cash invested sits at 19.24% in year one, and rental yield is 6.87% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 98.9% and total cumulative return in cash sums $172,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,035/mo property income rather than buyer’s personal income.
Condo
Built in N/A
435.60 sqft 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: Jeffrey Clemens • Keller Williams DRIVE
Mls Name: WUMLS
Mls ID: #20291473