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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 1205 Jester Ct NE, Salem, OR, 97301 uses $87,848 cash to close to unlock $13,035/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,297/mo payment keeps the spread at $1,086/mo. Purchase price stands at $265,000, and rental yield measures 12.46% with $2,752/mo rent. Return on cash invested shows 34.75% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 182.57% and total cumulative return in cash records $160,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1976
6,000 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 |
|---|---|---|
| 2025-06-17 | Sold | $265,000 |
| 2025-05-29 | Contingent | $265,000 |
| 2025-05-20 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-05 | $3364.53 | 3.04% | $171,360 | 6.09% |
| 2023-11-05 | $3265.35 | N/A | $161,530 | N/A |
| 2022-11-05 | N/A | N/A | $161,530 | 3.00% |
Listed by: BOB RIGGI • Windermere Pacific West Prop
Mls Name: WVMLS
Mls Provider:
Mls ID: #829201
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.
