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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 7955 W Lost River Rd, Salem, IN, 47167 offers a 8.49% rental yield on a $328,200 purchase with $2,323/mo rent. Total monthly income registers $2,323/mo, and a $1,606/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,239/yr on $108,798 to close, and return on cash invested stands at 23.81% in year one. Equity gained on principal adds $2,118/yr while 5% annual appreciation supports $90,676 over five years. Portfolio math shows five-year ROI at 123.52% and total cumulative return in cash at $134,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,323/mo property income against a $1,606/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
2.28 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 |
|---|---|---|
| 2025-01-30 | Listing removed | $354,900 |
| 2024-11-15 | Price change | $354,900 |
| 2024-11-08 | Price change | $359,899 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1106.62 | -11.87% | $145,300 | -1.96% |
| 2023-10-24 | $1255.60 | 4.02% | $148,200 | 0.54% |
| 2022-10-24 | $1207.12 | -0.49% | $147,400 | 13.47% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
