274 Oak Tree AveSalemIL62881
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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
Rental property for sale in Salem at 274 Oak Tree Ave, Salem, IL, 62881 offers $1,439/mo rent that, after a $1,057/mo payment. Total monthly income is $1,439/mo. Return on cash invested measures 18.92% in year one, and rental yield stands at 7.99% at a $216,000 entry. Equity gained on principal adds $1,394/yr while 5% annual appreciation compounds into $59,677 by year five. Five-year ROI records 98.48% and total cumulative return in cash reaches $70,515. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,439/mo property income versus a $1,057/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.40 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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