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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 1886 Merritt St S, Salem, OR, 97302 listed at $959,900 pairs $4,558/mo rent with a $4,698/mo payment. Total monthly income runs $4,558/mo. Return on cash invested measures 15.36% in year one, and rental yield registers 5.7% at a $959,900 basis. Equity gained on principal adds $6,194/yr, and annual property appreciation at 5% supports $265,203 by year five. Five-year ROI tracks 78.25% and total cumulative return in cash totals $247,106. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,558/mo property income relative to a $4,698/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| 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 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-05-05 | Listed for sale | $959,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: ERIC FISKUM • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #828525
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.
