114 N Walker Boulevard, Salem, IN, 47167 | $832/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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114 N Walker Boulevard, Salem, IN, 47167 | $832/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 114 N Walker Boulevard, Salem, IN, 47167 at $420,000 posts ROI 27.08% with $832/mo cash flow from $3,353/mo rent. Total monthly income equals $3,353/mo, and annual cash flow records $9,978/yr on $139,230 to close. Return on cash invested measures 27.08% and rental yield reads 9.58% at the current $420,000. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 by year five. Five-year ROI prints 141.04% and total cumulative return in cash totals $196,375.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,353/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1999

1.05 Acres lot

$N/A/sqft

No HOA

More details about the property

GORGEOUS BRICK HOME in a desirable neighborhood that MOVE-IN READY!! This home has OVER 3,500 TFLS with 2-car attached garage on 1.05AC +/- TOTAL. Basement is a Full walk-out basement with Family RM and Office/Hobby RM in the finished area, the unfinished basement area has lots of room for storage and currently a workshop space that walks out to the side yard. Outdoor Living space consist of: Covered Front Porch 5 X 16, and off the Kitchen and Family Rm, Covered Back Patio 13 X 24. NEW ROOF/2019, NEW HVAC SYSTEM/2015. CHEF's KITCHEN w/Breakfast Bar and granite countertops throughout, and EAT-IN DINING 9 X 13, with Built-in OFFICE area and PANTRY CLOSET. Appliances TO STAY: Refrigerator, Dishwasher, Range/Cooktop - Electric, Self-Cleaning Oven, Built-in microwave garbage disposal, and Refrigerator(garage). FORMAL DINING RM. OWNER'S SUITE w/walk-in closet. Laundry/Utility Room on Main Floor, with built-in cabinetry. OWNER'S SUITE w/walk-in closet. Window Blinds & window treatments TO STAY. Utility Shed 10 X 16. (2) Garage door opener remotes TO STAY. THESE SPECIFIC ITEMS THAT DO NOT STAY: Mantel in Basement. (1) Fireplace in Family Rm. Refrigerator (Bsmt). Rocks and waterfall in the backyard, (possibly negotiable. (1) Fireplace in Basement-possibly negotiable. Sq. footage, room sizes are approx., acreage, school system, covenant/restrictions, if important to Buyer's, Buyer(s) should verify. Home is less than 2 miles from from Walmart in Salem.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47167, Salem, IN area.

Housing Distribution

Housing Statistics

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