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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 1049 Fernwood Ct NW, Salem, OR, 97304 generates $3,421/mo in rent and, after a $1,902/mo payment, leaves $1,075/mo in cash flow. Total monthly income is $3,421/mo, and annual cash flow is $12,903/yr on $128,854 invested. Return on cash invested sits at 29.92% in year one, and rental yield is 10.56% on a $388,700 entry. Equity gained on principal adds $2,508/yr, while 5% annual appreciation builds toward $107,391 over five years. Five-year ROI reaches 156.37% and total cumulative return in cash sums $201,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,421/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Listing removed | $389,900 |
| 2025-08-19 | Contingent | $389,900 |
| 2025-08-16 | Listed for sale | $389,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $3148.87 | 2.46% | $248,670 | 3.00% |
| 2023-10-18 | $3073.30 | 3.10% | $241,430 | 3.00% |
| 2022-10-18 | $2980.97 | 2.66% | $234,400 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
