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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 575 S Paynter Ln, Salem, IN, 47167 offers $2,779/mo rent that, after a $1,859/mo payment, leaves $499/mo cash flow. Total monthly income is $2,779/mo, and annual cash flow is $5,987/yr on $125,937 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 8.78% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 128.08% and total cumulative return in cash reaches $161,297. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,779/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1.60 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $379,900 |
| 2019-08-13 | Sold | $190,000 |
| 2019-06-10 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $1745.38 | 9.29% | $198,900 | 7.51% |
| 2023-04-01 | $1597.04 | 1.56% | $185,000 | 9.14% |
| 2022-04-01 | $1572.46 | 5.25% | $169,500 | 8.72% |
Listed by: Debbie Curtis • Mainstreet Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510383
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
