406 Grandview DriveSalemIN47167
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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 406 Grandview Drive, Salem, IN, 47167 uses $58,013 cash to close to unlock $6,744/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $857/mo payment keeps the spread at $562/mo. Purchase price stands at $175,000, and rental yield measures 11.06% with $1,613/mo rent. Return on cash invested shows 31.53% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 165.02% and total cumulative return in cash records $95,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 2010
10,367 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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