1403 Clay St NESalemOR97301
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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 1403 Clay St NE, Salem, OR, 97301 generates $3,438/mo in rent and, after a $2,290/mo payment, leaves $614/mo in cash flow. Total monthly income is $3,438/mo, and annual cash flow is $7,367/yr on $155,076 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 8.82% on a $467,800 entry. Equity gained on principal adds $3,019/yr, while 5% annual appreciation builds toward $129,245 over five years. Five-year ROI reaches 128.11% and total cumulative return in cash sums $198,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,438/mo property income rather than buyer’s personal income.
Multi Family
Built in 1967
6,862 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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Listed by: RICK MAURMANN • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #827302
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.