583 E 7th StSalemOH44460
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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
Investment property for sale in Salem at 583 E 7th St, Salem, OH, 44460 earns $104/mo cash flow from $1,156/mo rent with a $783/mo payment. Total monthly income totals $1,156/mo, and annual cash flow totals $1,244/yr on $53,040 capital. ROI tracks 22.25% on current figures, and rental yield reads 8.67% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $61,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,156/mo property income instead of your personal income.
Single Family
Built in 1900
5,501 sqft 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
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Nearby investment properties with comparable prices
Listed by: Holly Ritchie • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5129841
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