605 W 7th StSalemOH44460
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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 605 W 7th St, Salem, OH, 44460 uses $33,150 cash to close to unlock $1,592/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $790/mo, and a $489/mo payment keeps the spread at $133/mo. Purchase price stands at $100,000, and rental yield measures 9.48% with $790/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 129.17% and total cumulative return in cash records $42,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $790/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.34 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
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