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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 1585 Hallet Ct NW, Salem, OR, 97304 uses $187,201 cash to close to unlock $2,645/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $3,655/mo, and a $2,785/mo payment keeps the spread at $220/mo. Purchase price stands at $569,000, and rental yield measures 7.71% with $3,655/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 111% and total cumulative return in cash records $207,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,655/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Single Family
Built in 2004
7,351 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: CHRISTINE FOLZ • Real Broker
Mls Name: WVMLS
Mls ID: #832083
