3751 N Shell Lane, Salem, IN, 47167 | $228/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3751 N Shell Lane, Salem, IN, 47167 | $228/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 3751 N Shell Lane, Salem, IN, 47167 generates $1,068/mo in rent and, after a $685/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,068/mo, and annual cash flow is $2,735/yr on $46,377 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 9.16% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 134.22% and total cumulative return in cash sums $62,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,068/mo property income rather than buyer’s personal income.

Single Family

Built in 1985

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Are you seeking serene country living on a 2-acre dead-end road property? This residence offers an ideal solution, situated just seven minutes from Salem Square. The home features a spacious driveway with ample rear parking, perfect for accommodating multiple vehicles. A detached garage with a lean-to provides additional storage space for equipment and workshops. The interior boasts a large living room with direct kitchen access, two bedrooms, and a full bathroom. Wooden decks on both the front and rear of the residence offer scenic views, particularly from the rear deck. A wooden swing in the backyard provides a tranquil spot to enjoy peaceful evenings. Priced competitively as a starter home, this property embodies the charm of a forever home. Schedule your showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47167, Salem, IN area.

Housing Distribution

Housing Statistics

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