617 Cedar StSalemOH44460
Nearby investment properties with comparable rents
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
Rental property for sale in Salem at 617 Cedar St, Salem, OH, 44460 priced at $129,900 converts $973/mo rent into $118/mo cash flow after a $636/mo obligation. Total monthly income equals $973/mo, and annual cash flow totals $1,420/yr on $43,062 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.99% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 121.13% and total cumulative return in cash sums $52,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $973/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,161 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices