1394 Hayward St SSalemOR97306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Salem at 1394 Hayward St S, Salem, OR, 97306 offers a 8.2% rental yield on a $428,000 purchase with $2,923/mo rent. Total monthly income registers $2,923/mo, and a $2,095/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,072/yr on $141,882 to close, and return on cash invested stands at 22.78% in year one. Equity gained on principal adds $2,762/yr while 5% annual appreciation supports $118,249 over five years. Portfolio math shows five-year ROI at 118.04% and total cumulative return in cash at $167,483. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,923/mo property income against a $2,095/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices