131-137 37th Ave SE, Salem, OR, 97317 | 3.42% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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131-137 37th Ave SE, Salem, OR, 97317 | 3.42% Rental Yield | Ziffy

For Sale

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 131-137 37th Ave SE, Salem, OR, 97317 listed at $649,900 pairs $1,853/mo rent with a $3,181/mo payment. Total monthly income runs $1,853/mo. Return on cash invested measures 8.44% in year one, and rental yield registers 3.42% at a $649,900 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,555 by year five. Five-year ROI tracks 41.14% and total cumulative return in cash totals $87,954. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,853/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 2003

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Affordable, clean four plex walking distance to restaurants, shopping and bus routes! Total of six parking spaces and includes two for guest parking. All units are relatively clean, good open living spaces, utilities are located inside each unit. Fully fenced back area.