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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 3 Forsyth Road, Salem, CT, 06420 generates $2,160/mo in rent, after a $2,203/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 12.69% in year one, and rental yield is 5.76% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 64.9% and total cumulative return in cash sums $96,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $450,000 |
| 2025-05-05 | Sold | $210,000 |
| 2025-04-13 | Pending sale | $209,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-18 | $4717.00 | 1.73% | $161,000 | N/A |
| 2023-09-18 | $4637.00 | N/A | $161,000 | N/A |
| 2022-09-18 | $4637.00 | -1.09% | $161,000 | 10.58% |
What's Special
Access Via Hatch
Listed by: Felipe Bruno • Agnelli Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24126319
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.
