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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 13 Harris Rd, Salem, CT, 06420 offers a 7.96% rental yield on a $416,000 purchase with $2,758/mo rent. 31% in year one. Equity gained on principal adds $2,684/yr while 5% annual appreciation supports $114,933 over five years. Portfolio math shows five-year ROI at 100.45% and total cumulative return in cash at $138,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,758/mo property income against a $2,036/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
5.40 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 |
|---|---|---|
| 2010-09-30 | Sold | $200,000 |
| 2010-08-27 | Listed for sale | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-14 | $5198.00 | 1.74% | $177,400 | N/A |
| 2023-05-14 | $5109.00 | -1.01% | $177,400 | -1.00% |
| 2022-05-14 | $5161.00 | 4.83% | $179,200 | 17.20% |
What's Special
None
Listed by: Kimberly A. Veronesi • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092904
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.
