2006 Summercrest Dr S, Salem, OR, 97306 | $350/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2006 Summercrest Dr S, Salem, OR, 97306 | $350/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Salem at 2006 Summercrest Dr S, Salem, OR, 97306 offers a 8.23% rental yield on a $425,000 purchase with $2,915/mo rent. Total monthly income registers $2,915/mo, and a $2,080/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,197/yr on $140,888 to close, and return on cash invested stands at 22.89% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 118.62% and total cumulative return in cash at $167,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,915/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1979

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Single level home in Skyline Village! This home has new kitchen appliances, cabinets and granite countertops. Includes separate living and family rooms, fenced backyard and large covered area in front yard. Roof was replaced in 2024, water heater new in 2025.

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