600 Captain LnSalemSC29676
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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 600 Captain Ln, Salem, SC, 29676 at $224,500 posts ROI 23.72% with $236/mo cash flow from $1,573/mo rent. Total monthly income equals $1,573/mo, and annual cash flow records $2,837/yr on $74,422 to close. Return on cash invested measures 23.72% and rental yield reads 8.41% at the current $224,500. Equity gained on principal adds $1,449/yr, and 5% annual appreciation supports $62,025 by year five. Five-year ROI prints 123.01% and total cumulative return in cash totals $91,544.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,573/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in N/A
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: Lisa Ancona • Carolina Home Real Estate Inc.
Mls Name: WUMLS
Mls ID: #20289359