703 Burnt Tanyard RdSalemSC29676
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 703 Burnt Tanyard Rd, Salem, SC, 29676 generates $3,576/mo in rent and, after a $2,863/mo payment, leaves $94/mo in cash flow. Total monthly income is $3,576/mo, and annual cash flow is $1,128/yr on $192,432 invested. Return on cash invested sits at 20.65% in year one, and rental yield is 7.34% on a $584,900 entry. Equity gained on principal adds $3,774/yr, while 5% annual appreciation builds toward $161,597 over five years. Five-year ROI reaches 106.45% and total cumulative return in cash sums $204,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,576/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
12.99 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: Beth Wilson • RE/MAX Realty Prof Lake Keowee
Mls Name: WUMLS
Mls ID: #20292405