6032 Salem HwyStuartVA24171
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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 Stuart at 6032 Salem Hwy, Stuart, VA, 24171 listed at $199,900 pairs $1,750/mo rent with a $978/mo payment to leave $555/mo cash flow. Total monthly income runs $1,750/mo, and annual cash flow reaches $6,665/yr on $66,267 cash to close. Return on cash invested measures 29.97% in year one, and rental yield registers 10.51% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 156.53% and total cumulative return in cash totals $103,729. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,750/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24171, Stuart, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,527 (100%) |
| Owner Occupied HU | 2,787 (61.6%) |
| Renter Occupied HU | 877 (19.4%) |
| Vacant Housing Units | 863 (19.1%) |
| Median Home Value | $162,083 |
| Average Home Value | $237,028 |
Housing Distribution
Address Breakdown
Residential
3,699
Single Family
3,699
Multi-Family
0
Businesses
316
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