Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 1262 E Delaney Park Rd, Salem, IN, 47167 generates $2,971/mo in rent and, after a $1,982/mo payment, leaves $540/mo in cash flow. Total monthly income is $2,971/mo, and annual cash flow is $6,481/yr on $134,258 invested. Return on cash invested sits at 24.74% in year one, and rental yield is 8.8% on a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 128.51% and total cumulative return in cash sums $172,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,971/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47167, Salem, IN area.
| 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 |
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Sold | $405,000 |
| 2025-03-31 | Pending sale | $439,000 |
| 2024-10-24 | Price change | $439,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2701.68 | 1.27% | $254,300 | -2.12% |
| 2023-10-24 | $2667.84 | 8.67% | $259,800 | -1.03% |
| 2022-10-24 | $2454.92 | 6.45% | $262,500 | 9.47% |
Listed by: Debbie Forman • Forman, Jones & Associates REALTORS
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1666228
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. 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. 2025 Metro Search, Inc.
