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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 1630 Wallace Rd NW UNIT 42, Salem, OR, 97304 uses $52,709 cash to close to unlock $9,726/yr annual cash flow and $810/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $778/mo payment keeps the spread at $810/mo. Purchase price stands at $159,000, and rental yield measures 13.36% with $1,770/mo rent. Return on cash invested shows 38.36% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 201.62% and total cumulative return in cash records $106,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 2004
N/A 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 |
|---|---|---|
| 2025-07-29 | Sold | $159,000 |
| 2025-07-04 | Contingent | $159,000 |
| 2025-06-19 | Price change | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: EILEEN SLEZAK • Realty One Group Willamette Valley
Mls Name: WVMLS
Mls Provider:
Mls ID: #828775
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.
