1286 Madrona Ave SESalemOR97302
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Salem at 1286 Madrona Ave SE, Salem, OR, 97302 priced at $402,100 pairs $3,238/mo rent with $811/mo cash flow after a $1,968/mo payment. Total monthly income equals $3,238/mo, and annual cash flow comes to $9,731/yr on $133,296 invested. Return on cash invested is 27.21% in year one, and rental yield stands at 9.66% on a $402,100 basis. Equity gained on principal adds $2,595/yr, and 5% annual appreciation accumulates to $111,093 by year five. Five-year ROI measures 141.78% and total cumulative return in cash reaches $188,991. For financing, Ziffy Mortgage’s DSCR program evaluates $3,238/mo property income against a $1,968/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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