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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% |
Rental property for sale in Salem at 1488 Boulder Creek St SE, Salem, OR, 97317 generates $2,623/mo in rent and, after a $2,031/mo payment, leaves $118/mo in cash flow. Total monthly income is $2,623/mo, and annual cash flow is $1,419/yr on $137,573 invested. Return on cash invested sits at 20.94% in year one, and rental yield is 7.58% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 108.19% and total cumulative return in cash sums $148,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,623/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5,200 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $415,000 |
| 2025-07-24 | Listed for sale | $404,900 |
| 2025-06-04 | Pending sale | $404,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-05 | $3908.61 | 3.03% | $199,070 | 6.08% |
| 2023-11-05 | $3793.49 | 2.87% | $187,660 | N/A |
| 2022-11-05 | $3687.49 | 2.94% | $187,660 | 3.00% |
Listed by: SANDI HUNSAKER (ELWOOD) • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #829211
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.
