402 E 2nd StSalemMO65560
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
Rental property for sale in Salem at 402 E 2nd St, Salem, MO, 65560 priced at $108,500 pairs $922/mo rent with $246/mo cash flow after a $531/mo payment. Total monthly income equals $922/mo, and annual cash flow comes to $2,956/yr on $35,968 invested. Return on cash invested is 28.13% in year one, and rental yield stands at 10.2% on a $108,500 basis. Equity gained on principal adds $700/yr, and 5% annual appreciation accumulates to $29,977 by year five. Five-year ROI measures 147.06% and total cumulative return in cash reaches $52,893. For financing, Ziffy Mortgage’s DSCR program evaluates $922/mo property income against a $531/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,362 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65560, Salem, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,464 (100%) |
| Owner Occupied HU | 4,086 (63.2%) |
| Renter Occupied HU | 1,483 (22.9%) |
| Vacant Housing Units | 895 (13.8%) |
| Median Home Value | $183,075 |
| Average Home Value | $229,728 |
Housing Distribution
Address Breakdown
Residential
5,884
Single Family
5,863
Multi-Family
21
Businesses
507
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Listed by: Jordan L Thompson • VIP Properties
Mls Name: MARIS
Mls Provider:
Mls ID: #24023904
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