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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 208 S Posey St, Salem, IN, 47167 priced at $219,900 converts $1,733/mo rent into $413/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,733/mo, and annual cash flow totals $4,959/yr on $72,897 invested. Return on cash invested prints 26.71% in year one, and rental yield reads 9.46% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 139.12% and total cumulative return in cash sums $101,416. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,733/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1928
0.25 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 |
|---|---|---|
| 2025-04-28 | Price change | $219,900 |
| 2025-04-21 | Listed for sale | $224,900 |
| 2024-04-26 | Sold | $22,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $81.00 | N/A | $174,200 | 6351.85% |
| 2023-04-30 | $81.00 | N/A | $2,700 | N/A |
| 2022-04-30 | $81.00 | N/A | $2,700 | N/A |
Listed by: Mary McCoskey Finkle • Mainstreet Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514873
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.
