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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% |
Rental property for sale in Salem at 109 N Hungate Avenue, Salem, IN, 47167 generates $1,691/mo in rent and, after a $930/mo payment, leaves $550/mo in cash flow. Total monthly income is $1,691/mo, and annual cash flow is $6,605/yr on $62,985 invested. Return on cash invested sits at 30.4% in year one, and rental yield is 10.68% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 158.86% and total cumulative return in cash sums $100,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
7,840 sqft 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 |
|---|---|---|
| 2025-08-16 | Listing removed | $209,500 |
| 2025-08-04 | Listed for sale | $209,500 |
| 2024-07-11 | Sold | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-09 | $1555.00 | 14.68% | $84,900 | 9.83% |
| 2023-10-09 | $1356.00 | 8.31% | $77,300 | 12.35% |
| 2022-10-09 | $1252.00 | 2.29% | $68,800 | 8.35% |
Listed by: Debbie Curtis • Mainstreet REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #202408382
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.
