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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 103 Robin Way, Salem, IN, 47167 with 5% annual appreciation on a $243,750 basis while $1,074/mo rent supports operations. 13% in year one. Equity gained on principal adds $1,573/yr, and five-year appreciation sums $67,344 alongside rental yield of 5.29%. Five-year ROI measures 71.6% and total cumulative return in cash totals $57,856. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,074/mo property income versus a $1,193/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.87 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 |
|---|---|---|
| 2025-01-31 | Sold | $243,750 |
| 2025-01-21 | Pending sale | $268,000 |
| 2024-10-08 | Listed for sale | $268,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sherri B. Purkhiser • The Day Company REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011420
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
