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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% |
Investment property for sale in Salem at 506 E Pilgrim Way, Salem, IN, 47167 earns $44/mo cash flow from $1,121/mo rent with a $878/mo payment. Total monthly income totals $1,121/mo, and annual cash flow totals $530/yr on $59,471 capital. ROI tracks 20.8% on current figures, and rental yield reads 7.5% at a $179,400 purchase. Equity gained on principal adds $1,158/yr, and 5% annual appreciation supports $49,565 over five years. Five-year ROI reaches 107.44% and total cumulative return in cash sums $63,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,121/mo property income instead of your personal income.
Manufactured
Built in 1994
10,454 sqft 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 |
|---|---|---|
| 2020-02-24 | Listing removed | $104,900 |
| 2020-01-30 | Price change | $104,900 |
| 2020-01-09 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $656.48 | 0.84% | $66,900 | -1.18% |
| 2023-10-24 | $651.00 | 14.61% | $67,700 | 3.99% |
| 2022-10-24 | $568.00 | 6.57% | $65,100 | 14.61% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
