1138 Mill Creek CirSalemAR72576
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1138 Mill Creek Cir, Salem, AR, 72576 in Salem is narrow, $181/mo net on $1,064/mo rent after the $661/mo debt service, but the property operates at break-even-plus, not a loss. At $147,000 with a 8.69% yield, the long-run equity case via 5% appreciation ($40,613 over five years) and $1,354/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.61 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $67,243.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 10.0% |
| Monthly Cash Flow | $181 | $1,200 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,064 |
| Total Monthly Debt Service | $825 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72576, Salem, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,834 (100%) |
| Owner Occupied HU | 1,169 (63.7%) |
| Renter Occupied HU | 421 (23.0%) |
| Vacant Housing Units | 244 (13.3%) |
| Median Home Value | $124,265 |
| Average Home Value | $196,052 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,322
Multi-Family
26
Businesses
153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1982
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72576, Salem, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,834 (100%) |
| Owner Occupied HU | 1,169 (63.7%) |
| Renter Occupied HU | 421 (23.0%) |
| Vacant Housing Units | 244 (13.3%) |
| Median Home Value | $124,265 |
| Average Home Value | $196,052 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,322
Multi-Family
26
Businesses
153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: J. Dawn Butler • Choice Realty
Mls Name: CARMLS
Mls Provider:
Mls ID: #25022171
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