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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% |
Rental property for sale in Salem at 1025 Wilbur St SE, Salem, OR, 97302 offers $3,228/mo rent that, after a $1,957/mo payment, leaves $814/mo cash flow. Total monthly income is $3,228/mo, and annual cash flow is $9,773/yr on $132,567 cash. Return on cash invested measures 27.28% in year one, and rental yield stands at 9.69% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 142.19% and total cumulative return in cash reaches $188,492. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,228/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $3340.67 | 2.87% | $165,260 | N/A |
| 2022-10-18 | $3247.37 | 2.94% | $165,260 | 3.00% |
| 2021-10-18 | $3154.58 | 3.00% | $160,450 | 6.08% |
Listed by: CHERISE KISH • Keller Williams Realty Mid Willamette
Mls Name: WVMLS
Mls Provider:
Mls ID: #821481
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
