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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 2034 N Naugle Rd, Salem, IN, 47167 generates $2,144/mo in rent and, after a $1,191/mo payment, leaves $626/mo in cash flow. Total monthly income is $2,144/mo, and annual cash flow is $7,515/yr on $80,687 invested. Return on cash invested sits at 29.22% in year one, and rental yield is 10.57% on a $243,400 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation builds toward $67,247 over five years. Five-year ROI reaches 152.89% and total cumulative return in cash sums $123,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,144/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
31.65 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47167, Salem, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,825 (100%) |
| Owner Occupied HU | 4,832 (70.8%) |
| Renter Occupied HU | 1,431 (21.0%) |
| Vacant Housing Units | 562 ( 8.2%) |
| Median Home Value | $184,381 |
| Average Home Value | $231,011 |
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listing removed | $499,900 |
| 2025-04-17 | Price change | $499,900 |
| 2025-04-09 | Price change | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2703.74 | 0.87% | $243,400 | 4.11% |
| 2023-10-24 | $2680.54 | 12.28% | $233,800 | 8.39% |
| 2022-10-24 | $2387.44 | 23.35% | $215,700 | 12.87% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
