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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 1106 W Walnut St, Salem, IN, 47167 earns from $1,074/mo rent with a $1,052/mo payment. Total monthly income totals $1,074/mo. ROI tracks 16.27% on current figures, and rental yield reads 5.99% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 83.07% and total cumulative return in cash sums $59,209. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,074/mo property income instead of your 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kennedy Staggs • 1 Percent Lists Indiana Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056012
