1935 Icabod St NESalemOR97305
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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
Investment Highlights
Investment property for sale in Salem at 1935 Icabod St NE, Salem, OR, 97305 uses $89,505 cash to close to unlock $1,317/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $1,322/mo payment keeps the spread at $110/mo. Purchase price stands at $270,000, and rental yield measures 7.73% with $1,740/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 110.54% and total cumulative return in cash records $98,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
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