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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 1637 Ptarmigan St NW, Salem, OR, 97304 listed at $839,900 pairs $3,928/mo rent with a $4,111/mo payment. Total monthly income runs $3,928/mo. Return on cash invested measures 14.72% in year one, and rental yield registers 5.61% at a $839,900 basis. Equity gained on principal adds $5,420/yr, and annual property appreciation at 5% supports $232,049 by year five. Five-year ROI tracks 74.94% and total cumulative return in cash totals $207,091. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,928/mo property income relative to a $4,111/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
9,583 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 |
|---|---|---|
| 2025-05-22 | Listed for sale | $839,900 |
| 2019-12-16 | Listing removed | $575,000 |
| 2019-06-28 | Listed for sale | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-23 | $9192.44 | 3.31% | $487,740 | 3.00% |
| 2022-05-23 | $8898.13 | 2.94% | $473,540 | 3.00% |
| 2021-05-23 | $8644.07 | 3.06% | $459,750 | 3.00% |
Listed by: Alexander Sorokin • Kelly Right Real Estate of Portland, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #504121369
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 2025-05-23 12:06:57 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.
