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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 119 Rattlesnake Ledge Road, Salem, CT, 06420 listed at $359,900 pairs $2,800/mo rent with a $1,762/mo payment to leave $354/mo cash flow. Total monthly income runs $2,800/mo, and annual cash flow reaches $4,250/yr on $119,307 cash to close. Return on cash invested measures 23.47% in year one, and rental yield registers 9.34% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 122.76% and total cumulative return in cash totals $146,462. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,800/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
2.71 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Amber Heenan • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24136002
