105 N Lincoln AveSalemIN47167
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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
Investment Highlights
Rental property for sale in Salem at 105 N Lincoln Ave, Salem, IN, 47167 priced at $178,300 converts $1,663/mo rent into $592/mo cash flow after a $873/mo obligation. Total monthly income equals $1,663/mo, and annual cash flow totals $7,109/yr on $59,106 invested. Return on cash invested prints 31.94% in year one, and rental yield reads 11.19% against a $178,300 entry. Equity gained on principal adds $1,151/yr, while 5% annual appreciation compiles into $49,261 by year five. Five-year ROI reaches 167.13% and total cumulative return in cash sums $98,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,663/mo property income covering a $873/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.32 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
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