1448 Brewster Ave SE, Salem, OR, 97302 | 6.13% Rental Yield

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1448 Brewster Ave SE, Salem, OR, 97302 | 6.13% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,343/mo, and a $4,160/mo payment. Purchase price stands at $849,900, and rental yield measures 6.13% with $4,343/mo rent. Return on cash invested shows 16.68% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 85.3% and total cumulative return in cash records $238,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,343/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Single Family

Built in 1997

10,400 sqft lot

$N/A/sqft

No HOA

More details about the property

This Gorgeous European style custom in Cambridge Meadows is the home of your dreams! Beautiful luxury finishes throughout show the thought and care put into the design and build. Primary and guest suite on main, 2 more bedrooms plus loft and extra large bonus room with full bath upstairs. Beautifully landscaped with UGS. While convenient to I-5, Costco and downtown, this home sits in a quiet and well cared for neighborhood. Double entry doors, 12' ceilings in main living area with crown moldings, 2 fireplaces, solid wood doors throughout, quartzite counters in kitchen, newer stove, wall ovens and cooktop, walk in pantry, built in baking station, granite countertop in laundry with sink and extra storage, built in ironing board, newer central vac, hardwood floors, 2 walk in closets in primary ensuite, mudroom, 3 car garage, upstairs loft with built in desk and secret storage area behind bookcase, upstairs full batih with skylight, large bonus room with attic access for extra storage, newer roof with owned solar panels, new water heater, newer windows, large covered patio, raised planter boxes

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