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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% |
Rental property for sale in Salem at 1345 Rees Hill Rd SE, Salem, OR, 97306 generates $3,265/mo in rent and, after a $2,545/mo payment, leaves $126/mo in cash flow. Total monthly income is $3,265/mo, and annual cash flow is $1,517/yr on $171,047 invested. Return on cash invested sits at 20.95% in year one, and rental yield is 7.54% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 108.19% and total cumulative return in cash sums $185,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,265/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: DERRICK EMMERT • White Star Realty Inc
Mls Name: WVMLS
Mls ID: #833983
