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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 1933 Plan, Springwood Estates Phase 2, Salem, OR, 97306 offers a 7.5% rental yield on a $569,900 purchase with $3,562/mo rent. Total monthly income registers $3,562/mo, and a $2,789/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,468/yr on $187,497 to close, and return on cash invested stands at 20.84% in year one. Equity gained on principal adds $3,677/yr while 5% annual appreciation supports $157,453 over five years. Portfolio math shows five-year ROI at 107.63% and total cumulative return in cash at $201,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,562/mo property income against a $2,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| 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 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2025-02-19 | Price change | $569,900 |
| 2023-11-18 | Listed for sale | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Don Lulay Homes
Mls Name: Don Lulay Homes
Mls Provider:
Mls ID: #N/A
