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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Salem at 1017 Webb St, Salem, IN, 47167 listed at $319,900 pairs $2,342/mo rent with a $1,566/mo payment to leave $421/mo cash flow. Total monthly income runs $2,342/mo, and annual cash flow reaches $5,057/yr on $106,047 cash to close. Return on cash invested measures 24.68% in year one, and rental yield registers 8.79% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 128.19% and total cumulative return in cash totals $135,944. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,342/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47167, Salem, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,825 (100%) |
| Owner Occupied HU | 4,832 (70.8%) |
| Renter Occupied HU | 1,431 (21.0%) |
| Vacant Housing Units | 562 ( 8.2%) |
| Median Home Value | $184,381 |
| Average Home Value | $231,011 |
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $319,900 |
| 2020-08-24 | Sold | $228,900 |
| 2020-07-13 | Price change | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Debbie Curtis • Mainstreet Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514040
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
