1660 Sieberg St NESalemOR97303
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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
Rental property for sale in Salem at 1660 Sieberg St NE, Salem, OR, 97303 generates $2,938/mo in rent and, after a $2,129/mo payment, leaves $312/mo in cash flow. Total monthly income is $2,938/mo, and annual cash flow is $3,749/yr on $144,202 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 8.1% on a $434,999 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 116.59% and total cumulative return in cash sums $168,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,938/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Housing Distribution
Address Breakdown
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
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