1963 Waymire St NW, Salem, OR, 97304 | $623/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

1963 Waymire St NW, Salem, OR, 97304 | $623/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1777 sft

1233 S 6th St, Independence, OR, 97351

3 Bed
2 Bath
1691 sft

771 SE Miller Ave, Dallas, OR, 97338

4 Bed
2 Bath
1872 sft

367 Spruce Ct, Independence, OR, 97351

Damian Plan, Meadowview : The August Collection

4 Bed
3 Bath
2033 sft

Damian Plan, Meadowview : The August Collection, Eugene, OR, 97402

Nearby investment properties with comparable prices

3 Bed
2 Bath
1253 sft

468 SE Pine Pl, Dallas, OR, 97338

3 Bed
1 Bath
1028 sft

710 Gentle Ct E, Monmouth, OR, 97361

4 Bed
3 Bath
2536 sft

439 Chamberlain Rd, Falls City, OR, 97344

3 Bed
2 Bath
1224 sft

112 S 6th St, Independence, OR, 97351

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 1963 Waymire St NW, Salem, OR, 97304 uses $129,285 cash to close to unlock $7,473/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $2,977/mo, and a $1,909/mo payment keeps the spread at $623/mo. Purchase price stands at $390,000, and rental yield measures 9.16% with $2,977/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash records $172,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,977/mo property income covering a $1,909/mo payment rather than investor’s personal income.

Single Family

Built in 1990

8,073 sqft lot

$N/A/sqft

No HOA

More details about the property

Single-level with 3-car garage plus RV parking! This 3 bedroom, 2 bath home has vaulted ceilings, interior laundry, gas fireplace, walk-in closet in primary bedroom and newer roof. Enjoy the fully-fenced, spacious backyard with storage shed. Seller is PR and has no knowledge of the house or issues with it.

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