308 E Lion DrSalemKY42078
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 308 E Lion Dr, Salem, KY, 42078 in Salem is straightforward: $162,000 in, $1,287/mo in rent, $301/mo out after debt service. The 9.53% gross yield and 1.77 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $44,758 by year five. With $1,492/yr in principal equity, the total cumulative return is projected at $80,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.2% |
| Monthly Cash Flow | $301 | $850 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,287 |
| Total Monthly Debt Service | $922 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
2.64 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1983
2.64 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Carter • Carter Realty Group, LLC
Mls Name: WKRMLS
Mls ID: #129545
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