627 S Madison AveSalemOH44460
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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 627 S Madison Ave, Salem, OH, 44460 uses $62,720 cash to close to unlock $4,794/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $1,644/mo, and a $926/mo payment keeps the spread at $400/mo. Purchase price stands at $189,200, and rental yield measures 10.43% with $1,644/mo rent. Return on cash invested shows 27.55% in year one, and 5% annual appreciation builds toward $52,272 over five years. Five-year ROI reaches 144.4% and total cumulative return in cash records $90,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $926/mo payment rather than investor’s personal income.
Single Family
Built in 1964
9,748 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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