118 S Hunter Trace, Salem, IN, 47167 | 3.7% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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118 S Hunter Trace, Salem, IN, 47167 | 3.7% Rental Yield | 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 118 S Hunter Trace, Salem, IN, 47167 at $348,500 posts ROI 9.33% with from $1,074/mo rent. Total monthly income equals $1,074/mo. Return on cash invested measures 9.33% and rental yield reads 3.7% at the current $348,500. Equity gained on principal adds $2,249/yr, and 5% annual appreciation supports $96,284 by year five. Five-year ROI prints 45.88% and total cumulative return in cash totals $53,003. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,074/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 2025

2.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Brand New Build! Never Been Lived In!! Located in town on 2.48 +- acres!!! This home is a blank canvas waiting for you to put your touch of class to an already classy home. Inside this 3 bedroom 2 full bath home, you will find an open floor plan with room to move around. Large ceiling fan in the main area is a great accent. Great for a new family starting out, a family upgrading to a larger space, or someone wanting to retire in a well maintained neighborhood. The possibilities are endless. With this being a new build, everything is brand new! Call today to set an appointment to see this beautiful home!

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