1397 Heather Ln SESalemOR97302
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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
Investment property for sale in Salem at 1397 Heather Ln SE, Salem, OR, 97302 offers a 8.96% rental yield on a $391,990 purchase with $2,926/mo rent. Total monthly income registers $2,926/mo, and a $1,919/mo payment leaves $559/mo available for distribution. Annual cash flow reaches $6,714/yr on $129,945 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $2,529/yr while 5% annual appreciation supports $108,300 over five years. Portfolio math shows five-year ROI at 130.35% and total cumulative return in cash at $169,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,926/mo property income against a $1,919/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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Listed by: BILLY SCOTT • Keller Williams Realty Mid Willamette
Mls Name: WVMLS
Mls Provider:
Mls ID: #830807
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.