1062 172nd AveSalemIA52649
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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
Investment property for sale in Salem at 1062 172nd Ave, Salem, IA, 52649 listed at $447,000 pairs $2,375/mo rent with a $2,188/mo payment. Total monthly income runs $2,375/mo. Return on cash invested measures 15.63% in year one, and rental yield registers 6.38% at a $447,000 basis. Equity gained on principal adds $2,884/yr, and annual property appreciation at 5% supports $123,498 by year five. Five-year ROI tracks 80.29% and total cumulative return in cash totals $118,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,375/mo property income relative to a $2,188/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
6.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52649, Salem, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 421 (100%) |
| Owner Occupied HU | 301 (71.5%) |
| Renter Occupied HU | 67 (15.9%) |
| Vacant Housing Units | 53 (12.6%) |
| Median Home Value | $301,923 |
| Average Home Value | $287,184 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
335
Multi-Family
0
Businesses
23
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