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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% |
Investment property for sale in Salem at 1330 Lee St SE, Salem, OR, 97302 uses $104,356 cash to close to unlock $259/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $1,541/mo payment keeps the spread at $22/mo. Purchase price stands at $314,800, and rental yield measures 7.33% with $1,922/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $86,973 over five years. Five-year ROI reaches 103.99% and total cumulative return in cash records $108,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1950
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| 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 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-08-12 | Listing removed | $315,000 |
| 2025-07-19 | Price change | $315,000 |
| 2025-07-15 | Price change | $329,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-05 | $1221.62 | 3.03% | $62,220 | 6.07% |
| 2023-11-05 | $1185.65 | 2.86% | $58,660 | N/A |
| 2022-11-05 | $1152.66 | 0.73% | $58,660 | 0.79% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
