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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 200 N Main St, Salem, IA, 52649 generates $0/mo in rent, after a $734/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.61% in year one, and rental yield is 0% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52649, Salem, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 421 (100%) |
| Owner Occupied HU | 301 (71.5%) |
| Renter Occupied HU | 67 (15.9%) |
| Vacant Housing Units | 53 (12.6%) |
| Median Home Value | $301,923 |
| Average Home Value | $287,184 |
Residential
335
Single Family
335
Multi-Family
0
Businesses
23
Date | Event | Price |
|---|---|---|
| 2025-03-29 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1766.00 | 24.54% | $104,930 | N/A |
| 2023-04-02 | $1418.00 | 0.71% | $104,930 | 44.91% |
| 2022-04-02 | $1408.00 | 13.18% | $72,410 | N/A |
No similar rental properties found nearby.
Listed by: Samantha Westercamp • Southeast Iowa Realty Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326094
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
