Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 7217 E Old 56, Salem, IN, 47167 uses $62,952 cash to close to unlock $9,126/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $929/mo payment keeps the spread at $761/mo. Purchase price stands at $189,900, and rental yield measures 12.01% with $1,900/mo rent. Return on cash invested shows 34.41% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 180.36% and total cumulative return in cash records $113,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1985
1.07 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 |
|---|---|---|
| 2025-03-25 | Listed for sale | $189,900 |
| 2025-03-24 | Listing removed | $194,900 |
| 2025-02-04 | Listed for sale | $194,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-27 | $509.26 | -6.80% | $87,400 | 1.16% |
| 2023-03-27 | $546.44 | 15.32% | $86,400 | -4.00% |
| 2022-03-27 | $473.84 | 2.26% | $90,000 | 19.21% |
Listed by: Gayle Krieger • Mainstreet REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #202506773
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
