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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 1956 Fitzpatrick Ave SE, Salem, OR, 97306 at $535,000 posts ROI 20.68% with $90/mo cash flow from $3,328/mo rent. Total monthly income equals $3,328/mo, and annual cash flow records $1,082/yr on $176,015 to close. Return on cash invested measures 20.68% and rental yield reads 7.46% at the current $535,000. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 by year five. Five-year ROI prints 106.75% and total cumulative return in cash totals $187,900.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,328/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
4,617 sqft 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 |
|---|---|---|
| 2025-05-23 | Listed for sale | $535,000 |
| 2025-05-12 | Listing removed | $539,900 |
| 2025-04-24 | Listed for sale | $539,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-28 | $5286.90 | 2.88% | $261,530 | N/A |
| 2022-05-28 | $5139.05 | 2.94% | $261,530 | 3.00% |
| 2021-05-28 | $4992.28 | 3.00% | $253,920 | 6.09% |
Listed by: KEVAN WILLES • Keller Williams Realty Portland Premiere
Mls Name: WVMLS
Mls Provider:
Mls ID: #829345
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
