633 N Lake Dr #ASalemSC29676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 633 N Lake Dr #A, Salem, SC, 29676 priced at $683,700 pairs $3,370/mo rent with after a $3,346/mo payment. Total monthly income equals $3,370/mo. Return on cash invested is 16.1% in year one, and rental yield stands at 5.91% on a $683,700 basis. Equity gained on principal adds $4,412/yr, and 5% annual appreciation accumulates to $188,894 by year five. Five-year ROI measures 82.18% and total cumulative return in cash reaches $184,846. For financing, Ziffy Mortgage’s DSCR program evaluates $3,370/mo property income against a $3,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.55 Acres lot
$N/A/sqft
$12 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A