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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% |
Rental property for sale in Salem at 1725 Summit Ave NW, Salem, OR, 97304 priced at $519,900 converts $3,659/mo rent into $520/mo cash flow after a $2,545/mo obligation. Total monthly income equals $3,659/mo, and annual cash flow totals $6,245/yr on $171,047 invested. Return on cash invested prints 23.71% in year one, and rental yield reads 8.45% against a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,639 by year five. Five-year ROI reaches 123.01% and total cumulative return in cash sums $210,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,659/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.30 Acres 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 |
|---|---|---|
| 2024-09-17 | Price change | $519,900 |
| 2024-08-09 | Price change | $534,900 |
| 2024-05-30 | Listed for sale | $555,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $4211.57 | 3.30% | $223,460 | 3.00% |
| 2022-10-18 | $4076.84 | 2.94% | $216,960 | 3.00% |
| 2021-10-18 | $3960.57 | 3.06% | $210,650 | 3.00% |
Listed by: BRANDYN WOOD • Hybrid Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #817456
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.
