5041 W South Range RdSalemOH44460
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
Total monthly income runs $1,804/mo, and a $2,004/mo payment. Purchase price stands at $409,500, and rental yield measures 5.29% with $1,804/mo rent. Return on cash invested shows 12.05% in year one, and 5% annual appreciation builds toward $113,137 over five years. Five-year ROI reaches 61.19% and total cumulative return in cash records $83,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $2,004/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44460, Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 7,942 (68.0%) |
| Renter Occupied HU | 2,763 (23.7%) |
| Vacant Housing Units | 974 ( 8.3%) |
| Median Home Value | $189,306 |
| Average Home Value | $248,463 |
Housing Distribution
Address Breakdown
Residential
11,077
Single Family
10,660
Multi-Family
417
Businesses
840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices