4505 Harris Rd, Salem, IL, 62881 | 7.87% Rental Yield

Off market

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

Investment property for sale in Salem at 4505 Harris Rd, Salem, IL, 62881 earns from $2,077/mo rent with a $1,550/mo payment. Total monthly income totals $2,077/mo. ROI tracks 18.54% on current figures, and rental yield reads 7.87% at a $316,600 purchase. Equity gained on principal adds $2,043/yr, and 5% annual appreciation supports $87,471 over five years. Five-year ROI reaches 96.52% and total cumulative return in cash sums $101,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,077/mo property income instead of your personal income.

Single Family

Built in 1978

5.17 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 62881, Salem, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,931 (100%)
Owner Occupied HU	3,300 (66.9%)
Renter Occupied HU	1,177 (23.9%)
Vacant Housing Units	454 ( 9.2%)
Median Home Value	$119,093
Average Home Value	$157,119