294 Jennings AveSalemOH44460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 294 Jennings Ave, Salem, OH, 44460 at $139,900 posts ROI 35.84% with $616/mo cash flow from $1,536/mo rent. Total monthly income equals $1,536/mo, and annual cash flow records $7,386/yr on $46,377 to close. Return on cash invested measures 35.84% and rental yield reads 13.18% at the current $139,900. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 by year five. Five-year ROI prints 188.82% and total cumulative return in cash totals $87,567.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,536/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1897
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44460, Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 7,942 (68.0%) |
| Renter Occupied HU | 2,763 (23.7%) |
| Vacant Housing Units | 974 ( 8.3%) |
| Median Home Value | $189,306 |
| Average Home Value | $248,463 |
Housing Distribution
Address Breakdown
Residential
11,077
Single Family
10,660
Multi-Family
417
Businesses
840
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Nearby investment properties with comparable prices
Listed by: Raymond Griggy • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5119534
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