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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 5881 E Old 56, Salem, IN, 47167 uses $65,670 cash to close to unlock $965/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,270/mo, and a $970/mo payment keeps the spread at $80/mo. Purchase price stands at $198,100, and rental yield measures 7.69% with $1,270/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $54,731 over five years. Five-year ROI reaches 110.5% and total cumulative return in cash records $72,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,270/mo property income covering a $970/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
0.40 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 |
|---|---|---|
| 2025-06-14 | Listing removed | $208,000 |
| 2025-01-15 | Listed for sale | $208,000 |
| 2024-08-28 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $844.20 | 1.07% | $120,300 | 8.09% |
| 2023-10-24 | $835.26 | 24.35% | $111,300 | 10.75% |
| 2022-10-24 | $671.70 | 4.90% | $100,500 | 14.73% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
