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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% |
Investment property for sale in Salem at 1060 Cross St SE, Salem, OR, 97302 earns $156/mo cash flow from $2,389/mo rent with a $1,811/mo payment. Total monthly income totals $2,389/mo, and annual cash flow totals $1,867/yr on $122,655 capital. ROI tracks 21.43% on current figures, and rental yield reads 7.75% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 110.81% and total cumulative return in cash sums $135,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,389/mo property income instead of your personal income.
Single Family
Built in 1946
2,912 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 |
|---|---|---|
| 2025-09-24 | Sold | $370,000 |
| 2025-08-22 | Pending sale | $360,000 |
| 2025-08-22 | Contingent | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $2432.87 | 3.03% | $123,910 | 6.08% |
| 2023-10-17 | $2361.28 | 2.88% | $116,810 | N/A |
| 2022-10-17 | $2295.28 | 2.94% | $116,810 | 3.00% |
Listed by: MELISSA BOYD • Bst Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #832355
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.
