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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 106 Macon Ave, Salem, IN, 47167 at $290,200 posts ROI 27.15% with $580/mo cash flow from $2,322/mo rent. Total monthly income equals $2,322/mo, and annual cash flow records $6,964/yr on $96,201 to close. Return on cash invested measures 27.15% and rental yield reads 9.6% at the current $290,200. Equity gained on principal adds $1,873/yr, and 5% annual appreciation supports $80,177 by year five. Five-year ROI prints 141.44% and total cumulative return in cash totals $136,063.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,322/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.49 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 |
|---|---|---|
| 2025-10-15 | Listing removed | $295,000 |
| 2025-10-06 | Price change | $295,000 |
| 2025-09-19 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1491.00 | -0.93% | $146,200 | -1.95% |
| 2023-10-24 | $1505.00 | 6.21% | $149,100 | -0.93% |
| 2022-10-24 | $1417.00 | N/A | $150,500 | 6.21% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
