132 Sunset Ave NSalemOR97303
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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 132 Sunset Ave N, Salem, OR, 97303 priced at $1,795,000 pairs $1,882/mo rent with after a $8,786/mo payment. Total monthly income equals $1,882/mo. Return on cash invested is 1.9% in year one, and rental yield stands at 1.26% on a $1,795,000 basis. Equity gained on principal adds $11,583/yr, and 5% annual appreciation accumulates to $495,925 by year five. Five-year ROI measures 5.94% and total cumulative return in cash reaches $34,573. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $8,786/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1968
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Housing Distribution
Address Breakdown
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
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