1896 Plan, Springwood Estates Phase 2, Salem, OR, 97306 | $66/mo Cash Flow

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1896 Plan, Springwood Estates Phase 2, Salem, OR, 97306 | $66/mo Cash Flow | Ziffy

For Sale

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 1896 Plan, Springwood Estates Phase 2, Salem, OR, 97306 generates $3,385/mo in rent and, after a $2,691/mo payment, leaves $66/mo in cash flow. Total monthly income is $3,385/mo, and annual cash flow is $794/yr on $180,917 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 7.39% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 105.78% and total cumulative return in cash sums $191,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,385/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Don Lulay Homes at Springwood Estates Phase 2. Craftsman style homes with open floor plan, granite or quartz throughout, stainless steel appliances and custom cabinets, island and pantry in kitchen, hand-scraped wood laminate flooring, floor to ceiling stone fireplace with mantle, landscaped front/rear yards with sprinklers, fully fenced, covered patio. Ask about Builder Incentives. *$3,500 Lender Credit.

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