1035 Chestnut St NWSalemOR97304
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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
Investment property for sale in Salem at 1035 Chestnut St NW, Salem, OR, 97304 uses $91,163 cash to close to unlock $3,696/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $1,346/mo payment keeps the spread at $308/mo. Purchase price stands at $275,000, and rental yield measures 8.59% with $1,968/mo rent. Return on cash invested shows 23.96% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 124.43% and total cumulative return in cash records $113,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
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