130 E Eastern Hills BoulevardSalemIN47167
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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 130 E Eastern Hills Boulevard, Salem, IN, 47167 with 5% annual appreciation on a $370,000 basis while $3,140/mo rent supports operations. Total monthly income totals $3,140/mo and a $1,811/mo payment preserves $919/mo for cash returns. Annual cash flow comes to $11,027/yr on $122,655 deployed, and return on cash invested reaches 28.9% in year one. Equity gained on principal adds $2,388/yr, and five-year appreciation sums $102,224 alongside rental yield of 10.18%. Five-year ROI measures 150.8% and total cumulative return in cash totals $184,961.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,140/mo property income versus a $1,811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.86 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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