1949 Waln Creek Dr S, Salem, OR, 97306 | $182/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1949 Waln Creek Dr S, Salem, OR, 97306 | $182/mo Cash Flow | Ziffy

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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 1949 Waln Creek Dr S, Salem, OR, 97306 generates $2,832/mo in rent and, after a $2,149/mo payment, leaves $182/mo in cash flow. Total monthly income is $2,832/mo, and annual cash flow is $2,182/yr on $145,529 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 7.74% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 110.68% and total cumulative return in cash sums $161,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,832/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Very functional ranch-style home with 3 beds, 2 bath and separate living room & family room. Sits on a large lot in desirable South Salem neighborhood. Remodeled kitchen features; large island w/breakfast bar, ample cabinetry, & flows into the open dining & living area - perfect for ent. & everyday living. Enjoy a spacious separate family room w/cozy corner fireplace, ideal for relaxing evenings. Step outside to a huge backyard offering endless possibilities for expansion, gardening, or outdoor gatherings.

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