1390 Westbrook Dr NWSalemOR97304
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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
Investment Highlights
Rental property for sale in Salem at 1390 Westbrook Dr NW, Salem, OR, 97304 generates $2,644/mo in rent and, after a $1,923/mo payment, leaves $192/mo in cash flow. Total monthly income is $2,644/mo, and annual cash flow is $2,301/yr on $130,213 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 8.08% on a $392,800 entry. Equity gained on principal adds $2,535/yr, while 5% annual appreciation builds toward $108,523 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash sums $146,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,644/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
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Nearby investment properties with comparable prices
Listed by: SARAH OWRE • Homesmart Realty Group - Dallas
Mls Name: WVMLS
Mls Provider:
Mls ID: #830223
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.