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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 4300 E Nicholson Hollow Road, Salem, IN, 47167 generates $2,366/mo in rent and, after a $1,637/mo payment, leaves $358/mo in cash flow. Total monthly income is $2,366/mo, and annual cash flow is $4,299/yr on $110,887 invested. Return on cash invested sits at 23.79% in year one, and rental yield is 8.49% on a $334,500 entry. Equity gained on principal adds $2,158/yr, while 5% annual appreciation builds toward $92,416 over five years. Five-year ROI reaches 123.42% and total cumulative return in cash sums $136,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,366/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
10 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47167, Salem, IN area.
| 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 |
Residential
6,703
Single Family
6,562
Multi-Family
141
Businesses
505
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Sold | $334,500 |
| 2025-06-18 | Listed for sale | $334,500 |
| 2004-03-04 | Sold | $129,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1032.18 | 24.95% | $184,000 | -2.18% |
| 2023-11-01 | $826.08 | 8.71% | $188,100 | 13.45% |
| 2022-11-01 | $759.88 | 45.38% | $165,800 | 7.45% |
Listed by: Tammie K McIntyre • Brixton Realty
Mls Name: SIRA
Mls Provider:
Mls ID: #202508788
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
