405 W Mulberry StreetSalemIN47167
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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
Investment Highlights
Investment property for sale in Salem at 405 W Mulberry Street, Salem, IN, 47167 with 5% annual appreciation on a $129,900 basis while $1,041/mo rent supports operations. Total monthly income totals $1,041/mo and a $636/mo payment preserves $261/mo for cash returns. Annual cash flow comes to $3,132/yr on $43,062 deployed, and return on cash invested reaches 27.18% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 9.62%. Five-year ROI measures 141.72% and total cumulative return in cash totals $61,027.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,041/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1880
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
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