10090 N State Road 75North SalemIN46165
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 North Salem at 10090 N State Road 75, North Salem, IN, 46165 generates $2,293/mo in rent, after a $3,549/mo payment. Total monthly income is $2,293/mo. Return on cash invested sits at 9.7% in year one, and rental yield is 3.8% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 47.81% and total cumulative return in cash sums $114,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
6.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46165, North Salem, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 501 (83.4%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 18 ( 3.0%) |
| Median Home Value | $299,653 |
| Average Home Value | $326,901 |
Housing Distribution
Address Breakdown
Residential
447
Single Family
447
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Drake Gadberry • Gadberry Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075332