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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 1180 16th St NE, Salem, OR, 97301 uses $152,159 cash to close to unlock $3,696/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $3,079/mo, and a $2,247/mo payment keeps the spread at $308/mo. Purchase price stands at $459,000, and rental yield measures 8.05% with $3,079/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 115.66% and total cumulative return in cash records $175,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,079/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1936
6,165 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Listed for sale | $459,000 |
| 2025-06-18 | Listing removed | $475,000 |
| 2025-06-06 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-14 | $3399.10 | 3.04% | $173,120 | 6.08% |
| 2023-08-14 | $3298.91 | 2.88% | $163,190 | N/A |
| 2022-08-14 | $3206.68 | 2.94% | $163,190 | 3.00% |
Listed by: DON and TRACY STURGEON • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #832484
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.
