175 Candalaria Blvd SE, Salem, OR, 97302 | $1,239/mo Cash Flow

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175 Candalaria Blvd SE, Salem, OR, 97302 | $1,239/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 175 Candalaria Blvd SE, Salem, OR, 97302 offers $4,558/mo rent that, after a $2,691/mo payment, leaves $1,239/mo cash flow. Total monthly income is $4,558/mo, and annual cash flow is $14,870/yr on $180,917 cash. Return on cash invested measures 28.28% in year one, and rental yield stands at 9.95% at a $549,900 entry. Equity gained on principal adds $3,548/yr while 5% annual appreciation compounds into $151,927 by year five. Five-year ROI records 147.52% and total cumulative return in cash reaches $266,882. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,558/mo property income versus a $2,691/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

8,640 sqft lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Dual Living with Mixed Use Zoning. This property offers both comfort and opportunity. With two full kitchens, living areas, and fireplaces, plus a separate entrance for the lower level it is perfect for multi generational living, rental income, or future development. Upstairs, you will find a gourmet kitchen with stone counters, tile backsplash, walk in pantry, spacious living room, 3 bedrooms, and an office. Downstairs features 2 bedrooms, 1 bath, and its own living space. The home is updated with a newer composition roof, vinyl double pane windows, durable fiber-cement siding, and efficient heating and cooling via heat pump. A 2 car garage, large side yard, and generous backyard provide space for parking, expansion, or outdoor living. What sets this property apart is its Mixed Use III zoning, which allows a wide range of possibilities from additional dwelling units, professional offices, retail, nursing facilities, or even short term lodging. Whether you want to enjoy the home as it is, leverage the dual living setup for rental income, or reimagine the site for commercial or multi family use, this location offers exceptional flexibility. It is rare to find an updated, move in ready home with dual living PLUS zoning that supports future value growth. Do not miss your chance to secure both a comfortable residence and an investment in Salems expanding mixed use corridor. Schedule your showing today and bring your vision to life!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,440 (100%)
Owner Occupied HU	10,373 (56.3%)
Renter Occupied HU	7,247 (39.3%)
Vacant Housing Units	820 ( 4.4%)
Median Home Value	$492,171
Average Home Value	$541,750