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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 156 Front St NE, Salem, OR, 97301 at $425,000 posts ROI 18.69% with from $2,422/mo rent. Total monthly income equals $2,422/mo. Return on cash invested measures 18.69% and rental yield reads 6.84% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 96.1% and total cumulative return in cash totals $135,389. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,422/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2011
N/A 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 |
|---|---|---|
| 2024-10-09 | Listed for sale | $425,000 |
| 2024-09-30 | Contingent | $425,000 |
| 2024-09-21 | Price change | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $220.27 | 0.05% | $11,500 | N/A |
| 2022-10-18 | $220.15 | 14.94% | $11,500 | 15.00% |
| 2021-10-18 | $191.53 | 0.04% | $10,000 | N/A |
Listed by: ANDREA BEYER • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #817569
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.
