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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 1111 1/2 2nd St NW, Salem, OR, 97304 offers a 8.65% rental yield on a $218,850 purchase with $1,577/mo rent. Total monthly income registers $1,577/mo, and a $1,071/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,074/yr on $72,549 to close, and return on cash invested stands at 24.15% in year one. Equity gained on principal adds $1,412/yr while 5% annual appreciation supports $60,464 over five years. Portfolio math shows five-year ROI at 125.41% and total cumulative return in cash at $90,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,577/mo property income against a $1,071/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2,178 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 |
|---|---|---|
| 2025-09-17 | Listing removed | $190,000 |
| 2025-08-09 | Listed for sale | $190,000 |
| 2018-06-27 | Sold | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $1363.82 | 2.98% | $72,370 | 2.99% |
| 2023-10-13 | $1324.37 | 3.30% | $70,270 | 2.99% |
| 2022-10-13 | $1282.09 | 2.93% | $68,230 | 2.99% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
