1688 Abbie Ave SESalemOR97306
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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 1688 Abbie Ave SE, Salem, OR, 97306 listed at $434,900 pairs $2,930/mo rent with a $2,129/mo payment to leave $295/mo cash flow. Total monthly income runs $2,930/mo, and annual cash flow reaches $3,545/yr on $144,169 cash to close. Return on cash invested measures 22.37% in year one, and rental yield registers 8.08% at a $434,900 basis. Equity gained on principal adds $2,806/yr, and annual property appreciation at 5% supports $120,155 by year five. Five-year ROI tracks 115.88% and total cumulative return in cash totals $167,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,930/mo property income relative to a $2,129/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
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Listed by: YURIY LATIK • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #827005
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.