1321 Chapman Hill Dr NW, Salem, OR, 97304 | $216/mo Cash Flow

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1321 Chapman Hill Dr NW, Salem, OR, 97304 | $216/mo Cash Flow | 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 1321 Chapman Hill Dr NW, Salem, OR, 97304 uses $223,720 cash to close to unlock $2,588/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $4,320/mo, and a $3,328/mo payment keeps the spread at $216/mo. Purchase price stands at $680,000, and rental yield measures 7.62% with $4,320/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 109.62% and total cumulative return in cash records $245,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,320/mo property income covering a $3,328/mo payment rather than investor’s personal income.

Single Family

Built in 2001

9,471 sqft lot

$N/A/sqft

No HOA

More details about the property

A truly unique offering in West Salem! This spacious 2 story home features 5 bdrms, 2.5 baths and 2,826 sqft of updated living space in desirable West Hill Estates. The homes impressive scale is enhanced by spectacular natural light that highlights the custom updates throughout. The layout effortlessly caters to entertaining w/ generous gathering spaces that make hosting large or intimate events a breeze. Situated to maximize seclusion, this property offers a peaceful and private sanctuary.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,298 (100%)
Owner Occupied HU	9,012 (63.0%)
Renter Occupied HU	4,744 (33.2%)
Vacant Housing Units	542 ( 3.8%)
Median Home Value	$502,291
Average Home Value	$545,006