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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 1110 N Locust St, Salem, IN, 47167 uses $96,897 cash to close to unlock $9,444/yr annual cash flow and $787/mo monthly cash flow. Total monthly income runs $2,542/mo, and a $1,431/mo payment keeps the spread at $787/mo. Purchase price stands at $292,300, and rental yield measures 10.44% with $2,542/mo rent. Return on cash invested shows 29.66% in year one, and 5% annual appreciation builds toward $80,757 over five years. Five-year ROI reaches 154.91% and total cumulative return in cash records $150,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,542/mo property income covering a $1,431/mo payment rather than investor’s personal income.
Single Family
Built in 2001
10,454 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 |
|---|---|---|
| 2025-07-29 | Listing removed | N/A |
| 2025-05-05 | Listed for sale | $330,000 |
| 2021-03-24 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $2170.00 | 12.44% | $237,900 | 9.63% |
| 2023-10-14 | $1930.00 | 10.29% | $217,000 | 12.44% |
| 2022-10-14 | $1750.00 | 3.12% | $193,000 | 10.29% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
