811 Montvue Rd #812SalemVA24153
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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
Rental property for sale in Salem at 811 Montvue Rd #812, Salem, VA, 24153 generates $1,744/mo in rent and, after a $1,395/mo payment, leaves $40/mo in cash flow. Total monthly income is $1,744/mo, and annual cash flow is $483/yr on $94,478 invested. Return on cash invested sits at 20.42% in year one, and rental yield is 7.34% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 105.34% and total cumulative return in cash sums $99,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,744/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24153, Salem, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 11,469 (68.0%) |
| Renter Occupied HU | 4,141 (24.5%) |
| Vacant Housing Units | 1,264 ( 7.5%) |
| Median Home Value | $317,038 |
| Average Home Value | $367,775 |
Housing Distribution
Address Breakdown
Residential
16,321
Single Family
15,046
Multi-Family
1,275
Businesses
1,603
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Listed by: Michael Wayne Cooper • Raven Realty LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #356644
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.