1759 Depot RdSalemOH44460
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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
Rental property for sale in Salem at 1759 Depot Rd, Salem, OH, 44460 generates $960/mo in rent, after a $2,080/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 4.28% in year one, and rental yield is 2.71% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 19.53% and total cumulative return in cash sums $27,509. 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 1949
2.50 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,077
Single Family
10,660
Multi-Family
417
Businesses
840
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