1035 Sparrow Dr NE, Salem, OR, 97301 | $368/mo Cash Flow

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1035 Sparrow Dr NE, Salem, OR, 97301 | $368/mo Cash Flow | 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

Investment property for sale in Salem at 1035 Sparrow Dr NE, Salem, OR, 97301 earns $368/mo cash flow from $2,933/mo rent with a $2,080/mo payment. Total monthly income totals $2,933/mo, and annual cash flow totals $4,413/yr on $140,888 capital. ROI tracks 23.04% on current figures, and rental yield reads 8.28% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash sums $168,281. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,933/mo property income instead of your personal income.

Single Family

Built in 1978

6,970 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful, comfortable, easy living in this single story 3+ bedroom, 2 bath home located on a large corner lot. Open floor plan with great flow! Updated kitchen, tile floors and lots of natural light. Vinyl windows. New LVP in bedrooms. New interior paint. Newer roof. New siding along the back side of house. Room for RV parking. Fully fenced back yard with plenty of room to create a dream garden! Attached 2-car garage. Convenient location, close to shopping, restaurants and freeway access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096