2124 N Sparks Ferry RoadSalemIN47167
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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
Investment Highlights
Investment property for sale in Salem at 2124 N Sparks Ferry Road, Salem, IN, 47167 listed at $199,000 pairs $1,537/mo rent with a $974/mo payment to leave $106/mo cash flow. Total monthly income runs $1,537/mo, and annual cash flow reaches $1,272/yr on $65,969 cash to close. Return on cash invested measures 21.84% in year one, and rental yield registers 9.27% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 114.48% and total cumulative return in cash totals $75,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,537/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47167, Salem, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
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Listed by: LINDA WARD TEMPLE • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202508409
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.