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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% |
Investment property for sale in Salem at 2162 E Daisy Line, Salem, IN, 47167 earns $467/mo cash flow from $2,568/mo rent with a $1,713/mo payment. Total monthly income totals $2,568/mo, and annual cash flow totals $5,605/yr on $116,025 capital. ROI tracks 24.74% on current figures, and rental yield reads 8.8% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 128.54% and total cumulative return in cash sums $149,138. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,568/mo property income instead of your personal income.
Single Family
Built in 2010
19.08 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 |
|---|---|---|
| 2025-01-10 | Sold | $350,000 |
| 2024-11-30 | Pending sale | $365,000 |
| 2024-11-08 | Price change | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2666.16 | -7.95% | $273,100 | 8.37% |
| 2023-10-24 | $2896.52 | 9.48% | $252,000 | 1.90% |
| 2022-10-24 | $2645.64 | 6.94% | $247,300 | 10.90% |
Listed by: LINDA WARD TEMPLE • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011521
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.
