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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 1224 Ridge Rd, Salem, OH, 44460 offers a 4.04% rental yield on a $285,000 purchase with $960/mo rent. 39% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 31.56% and total cumulative return in cash at $29,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
N/A lot
$N/A/sqft
$1,791 annually HOA
Neighborhood data shown for ZIP Code: 44460, Salem, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 7,942 (68.0%) |
| Renter Occupied HU | 2,763 (23.7%) |
| Vacant Housing Units | 974 ( 8.3%) |
| Median Home Value | $189,306 |
| Average Home Value | $248,463 |
Residential
11,077
Single Family
10,660
Multi-Family
417
Businesses
840
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Listed for sale | $285,000 |
| 2021-07-12 | Sold | $147,500 |
| 2021-07-08 | Pending sale | $162,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-25 | $1735.06 | -6.05% | $53,060 | N/A |
| 2022-07-25 | $1846.84 | 160.39% | $53,060 | 90.45% |
| 2021-07-25 | $709.26 | 2.03% | $27,860 | N/A |
Listed by: Mark Courtney • Courtney's RE & Auction Sales
Mls Name: MLS Now
Mls Provider:
Mls ID: #5142116
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
