1074 Rodan Ave SESalemOR97306
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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
Rental property for sale in Salem at 1074 Rodan Ave SE, Salem, OR, 97306 generates $2,375/mo in rent and, after a $1,857/mo payment, leaves $85/mo in cash flow. Total monthly income is $2,375/mo, and annual cash flow is $1,017/yr on $125,804 invested. Return on cash invested sits at 20.72% in year one, and rental yield is 7.51% on a $379,500 entry. Equity gained on principal adds $2,449/yr, while 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 106.97% and total cumulative return in cash sums $134,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,375/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
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