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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 1338 Elm St NW, Salem, OR, 97304 at $399,900 posts ROI 24.67% with $526/mo cash flow from $2,940/mo rent. Total monthly income equals $2,940/mo, and annual cash flow records $6,317/yr on $132,567 to close. Return on cash invested measures 24.67% and rental yield reads 8.82% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 128.21% and total cumulative return in cash totals $169,964.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2024-08-07 | Price change | $399,900 |
| 2024-07-24 | Listed for sale | $447,000 |
| 2000-12-22 | Sold | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $3071.12 | 3.30% | $162,950 | 3.00% |
| 2022-10-18 | $2972.88 | 2.94% | $158,210 | 2.99% |
| 2021-10-18 | $2888.11 | 3.06% | $153,610 | 3.00% |
Listed by: ROBIN RAMIREZ • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #818018
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.
