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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 110 N Nichols Ave, Salem, IN, 47167 offers a 10.63% rental yield on a $189,900 purchase with $1,682/mo rent. Total monthly income registers $1,682/mo, and a $929/mo payment leaves $543/mo available for distribution. Annual cash flow reaches $6,510/yr on $62,952 to close, and return on cash invested stands at 30.25% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 158.09% and total cumulative return in cash at $99,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,682/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.28 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 |
|---|---|---|
| 2025-03-29 | Listed for sale | $189,900 |
| 2024-07-17 | Sold | $170,000 |
| 2024-06-23 | Pending sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-30 | $1148.00 | 10.38% | $126,400 | 10.10% |
| 2023-03-30 | $1040.00 | 8.90% | $114,800 | 10.38% |
| 2022-03-30 | $955.00 | 5.41% | $104,000 | 8.90% |
Listed by: Debbie Curtis • Mainstreet Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510393
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
