935 W Pidgeon Rd, Salem, OH, 44460 | 2.95% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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935 W Pidgeon Rd, Salem, OH, 44460 | 2.95% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 935 W Pidgeon Rd, Salem, OH, 44460 generates $960/mo in rent, after a $1,909/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 5.01% in year one, and rental yield is 2.95% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 23.45% and total cumulative return in cash sums $30,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.

Single Family

Built in 2005

2.65 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully crafted ranch retreat nestled on a peaceful 2.65-acre lot just minutes from the heart of Salem. This stunning home offers over 2,200 square feet of thoughtfully designed living space, showcasing an open-concept layout filled with natural sunlight. A true gem, it features a spacious 3-car attached garage, a bright and airy main living area, and the convenience of first-floor laundry. Oversized windows throughout the home bathe every room in warm daylight, while the full, finish able basement offers endless possibilities for additional living space, a workshop, or a home gym. This property combines quiet country charm with everyday functionality, making it perfect for those seeking space, style, and comfortall within a short drive to town amenities, shops, and dining. Whether you're looking to relax in a peaceful rural setting or entertain guests in a beautifully open floor plan, this ranch home delivers the lifestyle you've been dreaming of.

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