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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 12 Syleo Ln, Salem, CT, 06420 earns from $2,160/mo rent with a $3,549/mo payment. Total monthly income totals $2,160/mo. ROI tracks 6.14% on current figures, and rental yield reads 3.58% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 29.8% and total cumulative return in cash sums $71,069. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.
Single Family
Built in 2024
1.87 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 |
|---|---|---|
| 2024-04-23 | Price change | $725,000 |
| 2021-02-11 | Listed for sale | $469,900 |
| 2021-01-14 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1431.00 | N/A | $49,700 | N/A |
| 2022-10-15 | $1431.00 | -6.84% | $49,700 | 4.19% |
| 2021-10-15 | $1536.00 | N/A | $47,700 | N/A |
What's Special
Storage,Access Via Hatch
Listed by: Paula J. Turley • CR Premier Properties
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24012577
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.
