913 Home CirSalemOH44460
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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
Rental property for sale in Salem at 913 Home Cir, Salem, OH, 44460 priced at $204,000 converts $960/mo rent into after a $998/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 13.14% in year one, and rental yield reads 5.65% against a $204,000 entry. Equity gained on principal adds $1,316/yr, while 5% annual appreciation compiles into $56,361 by year five. Five-year ROI reaches 67.08% and total cumulative return in cash sums $45,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $998/mo payment, not borrower’s personal income.
Single Family
Built in 1939
5,100 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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Listed by: Dana L Channels • Cedar One Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5132898
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