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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 1068 3rd St NW, Salem, OR, 97304 earns from $1,871/mo rent with a $1,542/mo payment. Total monthly income totals $1,871/mo. ROI tracks 19.56% on current figures, and rental yield reads 7.13% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 100.76% and total cumulative return in cash sums $105,221. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,871/mo property income instead of your personal income.
Single Family
Built in 1910
4,930 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 |
|---|---|---|
| 2025-03-07 | Listed for sale | $315,000 |
| 2017-07-31 | Sold | $152,500 |
| 2005-09-06 | Sold | $92,870 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-11 | $1651.19 | 3.31% | $87,610 | 3.00% |
| 2022-03-11 | $1598.34 | 2.93% | $85,060 | 2.99% |
| 2021-03-11 | $1552.84 | 3.05% | $82,590 | 2.99% |
Listed by: JEN JOHNSON • Premiere Property Group, Llc Albany
Mls Name: WVMLS
Mls Provider:
Mls ID: #825710
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.
