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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% |
Rental property for sale in Salem at 1990 Popcorn St NW, Salem, OR, 97304 priced at $685,000 converts $3,119/mo rent into after a $3,353/mo obligation. Total monthly income equals $3,119/mo. Return on cash invested prints 14.65% in year one, and rental yield reads 5.46% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 74.4% and total cumulative return in cash sums $167,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,119/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1978
7,402 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-02-28 | Listed for sale | $685,000 |
| 2019-03-29 | Sold | $460,000 |
| 2019-01-09 | Price change | $474,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $6030.48 | 3.31% | $319,970 | 3.00% |
| 2022-03-04 | $5837.52 | 2.94% | $310,660 | 3.00% |
| 2021-03-04 | $5670.96 | 3.06% | $301,620 | 3.00% |
Listed by: STEPHANIE WELLS • Real Broker
Mls Name: WVMLS
Mls Provider:
Mls ID: #825981
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.
