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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 114 Way Rd, Salem, CT, 06420 uses $66,134 cash to close to unlock $11,002/yr annual cash flow and $917/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $976/mo payment keeps the spread at $917/mo. Purchase price stands at $199,500, and rental yield measures 13.85% with $2,303/mo rent. Return on cash invested shows 36.55% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 193.05% and total cumulative return in cash records $127,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1968
4.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
Date | Event | Price |
|---|---|---|
| 2024-07-03 | Listed for sale | $199,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3925.00 | N/A | $136,300 | N/A |
| 2022-10-15 | $3925.00 | -0.73% | $136,300 | 10.99% |
| 2021-10-15 | $3954.00 | N/A | $122,800 | N/A |
What's Special
Crawl Space,Access Via Hatch
Listed by: BJ Lee • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24029989
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
