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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Salem at 1470 D St NE, Salem, OR, 97301 uses $99,417 cash to close to unlock $3,391/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $2,093/mo, and a $1,468/mo payment keeps the spread at $283/mo. Purchase price stands at $299,900, and rental yield measures 8.37% with $2,093/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 120.95% and total cumulative return in cash records $120,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,093/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1923
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| 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 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: ERIC FISKUM • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls ID: #831787
