1510 Parkway Dr 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
Investment property for sale in Salem at 1510 Parkway Dr NW, Salem, OR, 97304 uses $115,992 cash to close to unlock $7,830/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,765/mo, and a $1,713/mo payment keeps the spread at $653/mo. Purchase price stands at $349,900, and rental yield measures 9.48% with $2,765/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 138.86% and total cumulative return in cash records $161,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,765/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1977
6,969 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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