2007 Joseph St S, Salem, OR, 97302 | $579/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2007 Joseph St S, Salem, OR, 97302 | $579/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

Rental property for sale in Salem at 2007 Joseph St S, Salem, OR, 97302 generates $3,295/mo in rent and, after a $2,202/mo payment, leaves $579/mo in cash flow. Total monthly income is $3,295/mo, and annual cash flow is $6,952/yr on $149,142 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 8.79% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 127.65% and total cumulative return in cash sums $190,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,295/mo property income rather than buyer’s personal income.

Single Family

Built in 1973

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Rare find in Sunnyside heights. Room for a large RV! Just painted on the exterior, this 4 bedroom home sits on a large .25 acre lot. New kitchen cabinets and built-ins. Note the spacious living room! The garage has plenty of room for a work room, or to create another room, or park four cars! Great neighborhood for walking, Close to Elementary and High School. The roof is less than 10 years old. All appliances are included. The water heater and furnace are newer as well as themicrowave.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,440 (100%)
Owner Occupied HU	10,373 (56.3%)
Renter Occupied HU	7,247 (39.3%)
Vacant Housing Units	820 ( 4.4%)
Median Home Value	$492,171
Average Home Value	$541,750