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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 2296 N Naugle Rd, Salem, IN, 47167 priced at $325,000 pairs $2,588/mo rent with $637/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,588/mo, and annual cash flow comes to $7,641/yr on $107,738 invested. Return on cash invested is 27% in year one, and rental yield stands at 9.56% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 140.63% and total cumulative return in cash reaches $151,513. For financing, Ziffy Mortgage’s DSCR program evaluates $2,588/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
11 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 |
|---|---|---|
| 2025-03-09 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $1965.50 | -1.84% | $224,000 | 5.76% |
| 2023-03-13 | $2002.32 | 14.35% | $211,800 | 6.75% |
| 2022-03-13 | $1751.12 | 11.19% | $198,400 | 13.37% |
Listed by: Mary McCoskey Finkle • Mainstreet Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507867
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.
