1629 Georgia Ave SESalemOR97302
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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 1629 Georgia Ave SE, Salem, OR, 97302 offers a 7.77% rental yield on a $429,000 purchase with $2,779/mo rent. Total monthly income registers $2,779/mo, and a $2,100/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,271/yr on $142,214 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 111.22% and total cumulative return in cash at $158,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,779/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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