1345 Jefferson St NE, Salem, OR, 97301 | $147/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1345 Jefferson St NE, Salem, OR, 97301 | $147/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 1345 Jefferson St NE, Salem, OR, 97301 uses $99,450 cash to close to unlock $1,758/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,468/mo payment keeps the spread at $147/mo. Purchase price stands at $300,000, and rental yield measures 7.83% with $1,957/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 112.13% and total cumulative return in cash records $111,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Single Family

Built in 1947

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Classic 1940s charm meets everyday comfort! This light-filled Salem bungalow welcomes you with gleaming hardwoods, graceful archways, and a cozy stucco fireplace. The spacious kitchen and open floorplan feel warm and inviting, while built-ins and good-sized bedrooms add timeless appeal. Enjoy the covered front porch, back patio, and inside laundry. Fresh paint and a few updates will make it truly yoursperfect for a first-time buyer wanting character, comfort, and convenience near shops and transit.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096