2407 Selmaville RdSalemIL62881
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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 2407 Selmaville Rd, Salem, IL, 62881 uses $57,018 cash to close to unlock $2,110/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $842/mo payment keeps the spread at $176/mo. Purchase price stands at $172,000, and rental yield measures 9.55% with $1,369/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $70,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $842/mo payment rather than investor’s personal income.
Single Family
Built in 1942
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62881, Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,931 (100%) |
| Owner Occupied HU | 3,300 (66.9%) |
| Renter Occupied HU | 1,177 (23.9%) |
| Vacant Housing Units | 454 ( 9.2%) |
| Median Home Value | $119,093 |
| Average Home Value | $157,119 |
Housing Distribution
Address Breakdown
Residential
4,702
Single Family
4,462
Multi-Family
240
Businesses
492
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