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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 213 Washington Blvd, Salem, IN, 47167 priced at $148,700 converts $1,074/mo rent into $181/mo cash flow after a $728/mo obligation. Total monthly income equals $1,074/mo, and annual cash flow totals $2,174/yr on $49,294 invested. Return on cash invested prints 24.32% in year one, and rental yield reads 8.67% against a $148,700 entry. Equity gained on principal adds $960/yr, while 5% annual appreciation compiles into $41,083 by year five. Five-year ROI reaches 126.33% and total cumulative return in cash sums $62,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $728/mo payment, not borrower’s personal income.
Single Family
Built in 1915
6,969 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
