128 Walnut Ridge, Salem, IN, 47167 | $648/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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128 Walnut Ridge, Salem, IN, 47167 | $648/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 128 Walnut Ridge, Salem, IN, 47167 generates $1,699/mo in rent and, after a $857/mo payment, leaves $648/mo in cash flow. Total monthly income is $1,699/mo, and annual cash flow is $7,776/yr on $58,013 invested. Return on cash invested sits at 33.31% in year one, and rental yield is 11.65% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 174.57% and total cumulative return in cash sums $101,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,699/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

2.10 Acres lot

$N/A/sqft

No HOA

More details about the property

WELCOME TO THE COUNTRY ON A FEW ACRES......This quaint 1.5 story farmhouse on 2.10 acres offers so much: 3 bdr, 1.5 bath, screened in side porch for entertaining; 30 X 40 x 8 barn; det garage; 12 x 22 utility shed; pond; paved circular drive; park like setting. This is a perfect spot for your 4-H animals. Garden area. Home sold as is. Immediate possession at closing. Seller selling as is,

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