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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 2602 N Old 56, Salem, IN, 47167 earns from $2,047/mo rent with a $2,948/mo payment. Total monthly income totals $2,047/mo. ROI tracks 10.56% on current figures, and rental yield reads 4.08% at a $602,300 purchase. Equity gained on principal adds $3,887/yr, and 5% annual appreciation supports $166,404 over five years. Five-year ROI reaches 52.45% and total cumulative return in cash sums $103,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,047/mo property income instead of your personal income.
Single Family
Built in 1914
5 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 |
|---|---|---|
| 2025-10-04 | Listing removed | $635,000 |
| 2025-09-05 | Listed for sale | $635,000 |
| 2016-06-30 | Sold | $313,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-09 | $2731.32 | 1.40% | $223,800 | 3.42% |
| 2023-10-09 | $2693.72 | 3.64% | $216,400 | 0.98% |
| 2022-10-09 | $2599.20 | 12.20% | $214,300 | 14.35% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
