5525 New Pleasant WaySalemVA24153
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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 5525 New Pleasant Way, Salem, VA, 24153 offers $2,720/mo rent that, after a $2,054/mo payment, leaves $176/mo cash flow. Total monthly income is $2,720/mo, and annual cash flow is $2,115/yr on $139,147 cash. Return on cash invested measures 21.43% in year one, and rental yield stands at 7.78% at a $419,750 entry. Equity gained on principal adds $2,709/yr while 5% annual appreciation compounds into $115,969 by year five. Five-year ROI records 110.84% and total cumulative return in cash reaches $154,237. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,720/mo property income versus a $2,054/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.50 Acres lot
$N/A/sqft
$420 annually 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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Listed by: Nancy Page • Page & Assoc. Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422486
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.