122 N Marshall AveSalemIN47167
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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
Investment Highlights
Investment property for sale in Salem at 122 N Marshall Ave, Salem, IN, 47167 uses $55,858 cash to close to unlock $3,063/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,267/mo, and a $825/mo payment keeps the spread at $255/mo. Purchase price stands at $168,500, and rental yield measures 9.02% with $1,267/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $46,553 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash records $73,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,267/mo property income covering a $825/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.29 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
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