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REI Lense

Salem, VA Long-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Salem, VA. Based on 10+ datapoints.

Salem, VA Long-Term Rental Investment Snapshot

Based on 10+ long-term rental datapoints

Median Cap Rate

4.2%

Avg Cash on Cash

-8.7%

Median Cashflow

-$472/mo

Avg Rent Estimate

$1,984/mo

Avg Price

$332,331

Price Range

$256,200 - $424,800

Rent to Price

0.6%

low ratio

Positive Cashflow

11%

of analyzed properties

Recent real estate investor listings analysed as long-term rental deals in Salem, VA

Salem, VA is an emerging long-term rental market gaining investor attention. With 10+ properties analyzed, early data shows the market is developing. The median cap rate of 4.2% suggests room for early-mover advantage as more rental inventory becomes available.

Based on 10+ analyzed properties, the median monthly cashflow in Salem, VA is -$472 with average rents of $1,984/month. Properties range from $256,200 to $424,800, offering entry points across multiple investment budgets.

4094 Bluebird Ln, Salem, VA 24153

Price

$675,000

Rent

$2,998

CachFlow

-$1,943

CoC

-16.45

Full Analysis

1035 Martin McNeil Rd, Salem, VA 24153

Price

$275,000

Rent

$1,919

CachFlow

-$243

CoC

-5.05

Full Analysis

410 Parkdale Dr, Salem, VA 24153

Price

$256,200

Rent

$2,167

CachFlow

-$12

CoC

-0.27

Full Analysis

1224 Coronado Dr, Salem, VA 24153

Price

$394,900

Rent

$2,388

CachFlow

-$666

CoC

-9.64

Full Analysis

8380 Berrybrook Dr, Salem, VA 24153

Price

$50,000

Rent

$1,712

CachFlow

$747

CoC

85.37

Full Analysis
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Salem, VA Rental Market Insights

  • Median cashflow is -$472/month — careful deal selection is essential here
  • 4.2% median cap rate is typical of appreciation-focused markets
  • At 11% positive cashflow rate, Salem, VA requires selective property picks
  • Mid-to-upper tier market with properties from $256,200 to $424,800
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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