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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 301 S High St, Salem, IN, 47167 priced at $210,000 pairs $2,665/mo rent with $1,239/mo cash flow after a $1,028/mo payment. Total monthly income equals $2,665/mo, and annual cash flow comes to $14,864/yr on $69,615 invested. Return on cash invested is 41.26% in year one, and rental yield stands at 15.23% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 218.15% and total cumulative return in cash reaches $151,864. For financing, Ziffy Mortgage’s DSCR program evaluates $2,665/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1909
10,454 sqft 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 |
|---|---|---|
| 2025-08-18 | Sold | $210,000 |
| 2025-05-17 | Pending sale | $229,000 |
| 2025-05-12 | Listed for sale | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3730.00 | 12.42% | $204,400 | 9.60% |
| 2023-10-24 | $3318.00 | 10.09% | $186,500 | 12.42% |
| 2022-10-24 | $3014.00 | 0.27% | $165,900 | 10.09% |
What's Special
Access Only
Listed by: Mike Munoz • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22032662
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 23:08:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
