Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2086 E Broadway, Salem, IN, 47167 priced at $173,500 converts $1,338/mo rent into $297/mo cash flow after a $849/mo obligation. Total monthly income equals $1,338/mo, and annual cash flow totals $3,561/yr on $57,515 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.25% against a $173,500 entry. Equity gained on principal adds $1,120/yr, while 5% annual appreciation compiles into $47,935 by year five. Five-year ROI reaches 135.79% and total cumulative return in cash sums $78,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,338/mo property income covering a $849/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.98 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 |
|---|---|---|
| 2025-03-03 | Sold | $173,500 |
| 2025-02-04 | Pending sale | $172,000 |
| 2024-11-01 | Price change | $172,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $909.36 | -3.62% | $119,100 | -1.89% |
| 2023-10-24 | $943.48 | -8.78% | $121,400 | -0.98% |
| 2022-10-24 | $1034.26 | 27.36% | $122,600 | 2.77% |
Listed by: Mark A. Day • The Day Company REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011507
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
