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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% |
Rental property for sale in Salem at 1246 Lottie Ln NW, Salem, OR, 97304 priced at $519,000 converts $3,812/mo rent into $679/mo cash flow after a $2,540/mo obligation. Total monthly income equals $3,812/mo, and annual cash flow totals $8,154/yr on $170,751 invested. Return on cash invested prints 24.84% in year one, and rental yield reads 8.81% against a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation compiles into $143,390 by year five. Five-year ROI reaches 129.03% and total cumulative return in cash sums $220,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,812/mo property income covering a $2,540/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,136 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 |
|---|---|---|
| 2025-06-23 | Sold | $519,000 |
| 2025-05-29 | Pending sale | $519,000 |
| 2025-05-29 | Contingent | $519,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $4144.31 | 2.99% | $250,560 | 3.00% |
| 2023-10-20 | $4024.15 | -9.33% | $243,270 | 3.00% |
| 2022-10-20 | $4438.16 | 2.94% | $236,190 | 3.00% |
Listed by: STEVE BOLTON • John L. Scott-Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #828434
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.
