1304 E 2nd StSalemMO65560
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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 1304 E 2nd St, Salem, MO, 65560 offers a 15.93% rental yield on a $140,100 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $686/mo payment leaves $987/mo available for distribution. Annual cash flow reaches $11,846/yr on $46,443 to close, and return on cash invested stands at 45.42% in year one. Equity gained on principal adds $904/yr while 5% annual appreciation supports $38,707 over five years. Portfolio math shows five-year ROI at 239.74% and total cumulative return in cash at $111,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $686/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65560, Salem, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,464 (100%) |
| Owner Occupied HU | 4,086 (63.2%) |
| Renter Occupied HU | 1,483 (22.9%) |
| Vacant Housing Units | 895 (13.8%) |
| Median Home Value | $183,075 |
| Average Home Value | $229,728 |
Housing Distribution
Address Breakdown
Residential
5,884
Single Family
5,863
Multi-Family
21
Businesses
507
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