102 E Eastern Hills Boulevard, Salem, IN, 47167 | 4.52% Rental Yield

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Price: $300K - 500K

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102 E Eastern Hills Boulevard, Salem, IN, 47167 | 4.52% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 102 E Eastern Hills Boulevard, Salem, IN, 47167 priced at $285,000 converts $1,074/mo rent into after a $1,395/mo obligation. Total monthly income equals $1,074/mo. Return on cash invested prints 11.82% in year one, and rental yield reads 4.52% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 59.26% and total cumulative return in cash sums $55,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $1,395/mo payment, not borrower’s personal income.

Single Family

Built in 1976

0.97 Acres lot

$N/A/sqft

No HOA

More details about the property

Recently Renovated 3 bedroom 2.5 bath ranch sitting on .97 Ac fenced. The Interior features include Freshly painted and new flooring throughout, Large open Kitchen and formal dining room. Living room with a french style door that leads to the back deck. There is a den, Office and a Library Room. Separate utility room located off the den connecting the 2 car attached garage. The exterior features a new roof, gutters, downspouts, windows. Don't miss the 1 car attached garden garage around back. Buyer to verify any items they deem critical. Offers to be submitted online through Homepath.com.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47167, Salem, IN area.

Housing Distribution

Housing Statistics

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