1438 Glen Creek Rd 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 1438 Glen Creek Rd NW, Salem, OR, 97304 priced at $423,100 converts $1,541/mo rent into after a $2,071/mo obligation. Total monthly income equals $1,541/mo. Return on cash invested prints 11.24% in year one, and rental yield reads 4.37% against a $423,100 entry. Equity gained on principal adds $2,730/yr, while 5% annual appreciation compiles into $116,895 by year five. Five-year ROI reaches 56.16% and total cumulative return in cash sums $78,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $2,071/mo payment, not borrower’s personal income.
Single Family
Built in 1926
6,534 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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