1551 Bunker Hill Rd S, Salem, OR, 97306 | $718/mo Cash Flow

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1551 Bunker Hill Rd S, Salem, OR, 97306 | $718/mo Cash Flow | 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

Investment property for sale in Salem at 1551 Bunker Hill Rd S, Salem, OR, 97306 earns $718/mo cash flow from $3,133/mo rent with a $1,958/mo payment. Total monthly income totals $3,133/mo, and annual cash flow totals $8,620/yr on $132,600 capital. ROI tracks 26.41% on current figures, and rental yield reads 9.4% at a $399,999 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,512 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash sums $182,355. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,133/mo property income instead of your personal income.

Manufactured

Built in 2000

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Brimming with potential and in a great location! This flat half-acre lot features a newer roof on the back of the home, new gutters, and a natural gas port added in front of property in 2025 but not yet connected. Enjoy a pear tree, wild blackberries, and plenty of space for RV or boat parking. Extras include a storage shed, smart thermostat, security cameras, and room to make it your own.Septic was pumped and inspected on 8/22. Well flow test and water quality test on 8/22. Schedule a tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97306, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,384 (100%)
Owner Occupied HU	8,940 (66.8%)
Renter Occupied HU	3,980 (29.7%)
Vacant Housing Units	464 ( 3.5%)
Median Home Value	$505,414
Average Home Value	$554,238