1290 Colgan Ct SE, Salem, OR, 97302 | $926/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1290 Colgan Ct SE, Salem, OR, 97302 | $926/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 1290 Colgan Ct SE, Salem, OR, 97302 offers a 9.71% rental yield on a $449,900 purchase with $3,642/mo rent. Total monthly income registers $3,642/mo, and a $2,202/mo payment leaves $926/mo available for distribution. Annual cash flow reaches $11,116/yr on $149,142 to close, and return on cash invested stands at 27.36% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 142.61% and total cumulative return in cash at $212,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,642/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1978

8,400 sqft lot

$N/A/sqft

No HOA

More details about the property

Amazing Sweat Equity Opportunity in SE Salem! This 4bd/2.5 ba home has all the right features: 2747 sq ft, desirable South Salem location close to Morningside Elementary and Leslie Middle Schools, freshly remodeled kitchen, custom cabinets, slab counters, SS appliances, recent LVP on main level, huge primary suite w/ fireplace, large fenced corner lot, bonus living area on lower level. Too much to list! This home need minor cosmetic repairs. Contractor's Estimate on file.

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