190 S Oak Grove Rd NW, Salem, OR, 97304 | $70/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

190 S Oak Grove Rd NW, Salem, OR, 97304 | $70/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
3 Bath
3689 sft

3995 S Kings Valley Hwy, Dallas, OR, 97338

5 Bed
4 Bath
3233 sft

692 SE Cypress Ave, Dallas, OR, 97338

3 Bed
4 Bath
3456 sft

7711 NE Logsdon Rd, Corvallis, OR, 97330

6 Bed
5 Bath
3943 sft

28297 Andrews Ln, Corvallis, OR, 97330

Nearby investment properties with comparable prices

4 Bed
3 Bath
2096 sft

16275 Gilliam Rd, Dallas, OR, 97338

3 Bed
3 Bath
2772 sft

6100 Teal Creek Rd, Dallas, OR, 97338

3 Bed
2 Bath
1877 sft

360 NW Earliblue Dr, Corvallis, OR, 97330

4 Bed
3 Bath
2525 sft

872 SE Academy Ct, Dallas, OR, 97338

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Salem at 190 S Oak Grove Rd NW, Salem, OR, 97304 with 5% annual appreciation on a $865,000 basis while $5,292/mo rent supports operations. Total monthly income totals $5,292/mo and a $4,234/mo payment preserves $70/mo for cash returns. Annual cash flow comes to $846/yr on $284,585 deployed, and return on cash invested reaches 20.36% in year one. Equity gained on principal adds $5,582/yr, and five-year appreciation sums $238,984 alongside rental yield of 7.34%. Five-year ROI measures 105.01% and total cumulative return in cash totals $298,851.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,292/mo property income versus a $4,234/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1979

3.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Secluded Spacious house on small acreage. Great views w/land to enjoy. LvRm w/flr to ceiling rock FP. Vlt ceiling w/open beams. Spend evenings out on the patio, hot tub & deck. Spacious updated Kit w/lovely Gr counters & bthrms. Huge Prim Bed/Bth w/private deck. Tons of storage w/enclosed attic. Additional Lv space Dwn Strs for possible dual lvg. Lots of pavement for toys, RV etc. Community Water & well for irrigation. Fruit trees, Blue Berries, Timber, Garden space. Shop and Shed. Carport & garage. Improvements in the last 3 years include a new Blueberry field, Property surveyed and marked, Additional pavement. Well drilled for future irrigation, Heat pump/AC, Gas tankless water heater. 4th Bedroom completed. Shed added. Approx 1 acre in Timber, 1.58 in Blueberries and fruit trees and 1 acre homesite. Additional fencing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

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