13600 W South Range Rd, Salem, OH, 44460 | 3.44% Rental Yield

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Price: $300K - 500K

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13600 W South Range Rd, Salem, OH, 44460 | 3.44% Rental Yield | Ziffy

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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 13600 W South Range Rd, Salem, OH, 44460 generates $960/mo in rent, after a $1,640/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 6.47% in year one, and rental yield is 3.44% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 31.31% and total cumulative return in cash sums $34,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.

Single Family

Built in 1978

13.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Ready Set Go....!!!! Get your appointment to see this HOT property. 13.8 acres located in Goshen Twp, West Branch SD. The excitement starts as soon as you enter the property and wind down the driveway where you pass the pond and approach the outbuildings and the home. The all brick home offers a main floor with a living room, spacious eat-in kitchen, family room with a fireplace and a half bath. The second floor has 4 bedrooms and a full bath room. The primary bedroom has access to a second floor balcony where you can overlook the pond and the front of the property. There is a full basement offering additional storage space. Outside is a 30x40 pole building garage with a concrete floor and electricity. There is a 2 car garage and another outbuilding that need improvements. The fantastic acreage offers a field for agricultural purposes and the rear portion offers a nice wooded area. This property has tremendous potential and is ready for its next owner to make it their own! What are you waiting for? Don't delay. Call today!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44460, Salem, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,679 (100%)
Owner Occupied HU	7,942 (68.0%)
Renter Occupied HU	2,763 (23.7%)
Vacant Housing Units	974 ( 8.3%)
Median Home Value	$189,306
Average Home Value	$248,463