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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 1102 Pine Meadow Dr, Salem, IN, 47167 at $315,000 posts ROI 27.76% with $683/mo cash flow from $2,574/mo rent. Total monthly income equals $2,574/mo, and annual cash flow records $8,194/yr on $104,423 to close. Return on cash invested measures 27.76% and rental yield reads 9.81% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 144.67% and total cumulative return in cash totals $151,073.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,574/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
0.39 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $315,000 |
| 2021-07-16 | Sold | $242,000 |
| 2021-05-26 | Price change | $239,888 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1946.00 | -46.80% | $184,600 | -2.84% |
| 2023-04-30 | $3658.00 | 165.46% | $190,000 | 4.63% |
| 2022-04-30 | $1378.00 | -0.86% | $181,600 | 31.79% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
