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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 135 College Dr NW, Salem, OR, 97304 with 5% annual appreciation on a $354,900 basis while $2,189/mo rent supports operations. Total monthly income totals $2,189/mo and a $1,737/mo payment preserves $47/mo for cash returns. Annual cash flow comes to $562/yr on $117,649 deployed, and return on cash invested reaches 20.39% in year one. Equity gained on principal adds $2,290/yr, and five-year appreciation sums $98,052 alongside rental yield of 7.4%. Five-year ROI measures 105.2% and total cumulative return in cash totals $123,772.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,189/mo property income versus a $1,737/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
6,534 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: AIMEE LOZANO • Heart & Soul Realty
Mls Name: WVMLS
Mls ID: #834433
