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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 1295 Market St NE, Salem, OR, 97301 offers $2,322/mo rent that, after a $1,953/mo payment. Total monthly income is $2,322/mo. Return on cash invested measures 19.12% in year one, and rental yield stands at 6.98% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 98.44% and total cumulative return in cash reaches $130,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,322/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
9,583 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 |
|---|---|---|
| 2025-02-28 | Listed for sale | $399,000 |
| 2024-10-03 | Listing removed | $285,000 |
| 2024-09-20 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $3185.07 | 2.88% | $157,560 | N/A |
| 2022-03-04 | $3096.05 | 2.94% | $157,560 | 2.99% |
| 2021-03-04 | $3007.73 | 3.00% | $152,980 | 6.08% |
Listed by: MIA MCCORMICK • Redfin
Mls Name: WVMLS
Mls Provider:
Mls ID: #825965
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.
