107 S Nebraska StNorth SalemIN46165
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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 North Salem at 107 S Nebraska St, North Salem, IN, 46165 listed at $139,500 pairs $0/mo rent with a $683/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.83% in year one, and rental yield registers 0% at a $139,500 basis. Equity gained on principal adds $900/yr, and annual property appreciation at 5% supports $38,541 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $683/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46165, North Salem, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 501 (83.4%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 18 ( 3.0%) |
| Median Home Value | $299,653 |
| Average Home Value | $326,901 |
Housing Distribution
Address Breakdown
Residential
447
Single Family
447
Multi-Family
0
Businesses
37
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No similar rental properties found nearby.
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Listed by: Logan Bowman • Homestead Real Estate Services, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22050352