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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 1567 Park Ave NE, Salem, OR, 97301 priced at $389,000 converts $3,438/mo rent into $1,090/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,438/mo, and annual cash flow totals $13,079/yr on $128,954 invested. Return on cash invested prints 30.05% in year one, and rental yield reads 10.61% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 157.02% and total cumulative return in cash sums $202,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,438/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,969 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 |
|---|---|---|
| 2025-08-04 | Listed for sale | $389,000 |
| 2025-07-22 | Pending sale | $389,000 |
| 2025-06-24 | Price change | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-06 | $2369.27 | 3.03% | $120,670 | 6.08% |
| 2023-08-06 | $2299.49 | 2.88% | $113,750 | N/A |
| 2022-08-06 | $2235.17 | 2.94% | $113,750 | 3.00% |
Listed by: Andrew Jones • Jones Group Realtors, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #509279861
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-08-06 11:44:59 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
