1110 W 3rd StSalemMO65560
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Salem at 1110 W 3rd St, Salem, MO, 65560 uses $51,349 cash to close to unlock $6,294/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $758/mo payment keeps the spread at $524/mo. Purchase price stands at $154,900, and rental yield measures 11.54% with $1,489/mo rent. Return on cash invested shows 32.17% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 168.67% and total cumulative return in cash records $86,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65560, Salem, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,464 (100%) |
| Owner Occupied HU | 4,086 (63.2%) |
| Renter Occupied HU | 1,483 (22.9%) |
| Vacant Housing Units | 895 (13.8%) |
| Median Home Value | $183,075 |
| Average Home Value | $229,728 |
Housing Distribution
Address Breakdown
Residential
5,884
Single Family
5,863
Multi-Family
21
Businesses
507
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Listed by: Babette L Wells • United Country Salem Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25035836
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