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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 1156 7th St NW, Salem, OR, 97304 earns $445/mo cash flow from $2,195/mo rent with a $1,419/mo payment. Total monthly income totals $2,195/mo, and annual cash flow totals $5,339/yr on $96,135 capital. ROI tracks 25.46% on current figures, and rental yield reads 9.08% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 132.42% and total cumulative return in cash sums $127,300. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,195/mo property income instead of your personal income.
Single Family
Built in 1915
7,888 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: WENDY BRUTON • Paramount Real Estate Services
Mls Name: WVMLS
Mls ID: #831471
