199 Middle St, West Salem, OH, 44287 | $224/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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199 Middle St, West Salem, OH, 44287 | $224/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in West Salem at 199 Middle St, West Salem, OH, 44287 with 5% annual appreciation on a $130,000 basis while $1,079/mo rent supports operations. Total monthly income totals $1,079/mo and a $636/mo payment preserves $224/mo for cash returns. Annual cash flow comes to $2,690/yr on $43,095 deployed, and return on cash invested reaches 26.15% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.96%. Five-year ROI measures 136.92% and total cumulative return in cash totals $59,007.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,079/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1890

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Duplex for sale in the quanit town of West Salem. This home sits on four parcels for a total of 1.04 acres. Two of the extra parcels have direct street access. One on Middle Street and the other on South Street providing the opportunity to build more rental units or a single family home. This home was built in 1890 and was converted to a Duplex in 1995. Home can be converted back to a single family home. Unit one features 3 bedrooms, 1 bath, kitchen, dinning room, and living room. Unit 2 features 1 bedroom, 1 bath, kitchen and living room. Both water tanks were replaced in 2024. Unit 1 is currently occupied on a month to month basis at $550 a month. Unit 2 is vacant. Don't miss this great investment opportunity. Call today to schedule a showing. Home is being sold "As Is".

Neighborhood Data

Neighborhood data shown for ZIP Code: 44287, West Salem, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,201 (100%)
Owner Occupied HU	2,547 (79.6%)
Renter Occupied HU	404 (12.6%)
Vacant Housing Units	250 ( 7.8%)
Median Home Value	$216,776
Average Home Value	$286,347