194 Park AveSalemOH44460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 194 Park Ave, Salem, OH, 44460 at $128,500 posts ROI 23.14% with $115/mo cash flow from $960/mo rent. Total monthly income equals $960/mo, and annual cash flow records $1,376/yr on $42,598 to close. Return on cash invested measures 23.14% and rental yield reads 8.96% at the current $128,500. Equity gained on principal adds $829/yr, and 5% annual appreciation supports $35,502 by year five. Five-year ROI prints 120.71% and total cumulative return in cash totals $51,420.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
7,300 sqft 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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