571 Nimmons Bridge RdSalemSC29676
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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 571 Nimmons Bridge Rd, Salem, SC, 29676 listed at $549,900 pairs $5,125/mo rent with a $2,691/mo payment to leave $1,852/mo cash flow. Total monthly income runs $5,125/mo, and annual cash flow reaches $22,224/yr on $180,917 cash to close. Return on cash invested measures 32.34% in year one, and rental yield registers 11.18% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 169.2% and total cumulative return in cash totals $306,110. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,125/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
1 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: Hunter Massey • Bluefield Realty Group
Mls Name: WUMLS
Mls ID: #20296042