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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 2020 Nomad Ct SE, Salem, OR, 97306 priced at $100,000 pairs $972/mo rent with $369/mo cash flow after a $489/mo payment. Total monthly income equals $972/mo, and annual cash flow comes to $4,426/yr on $33,150 invested. Return on cash invested is 33.26% in year one, and rental yield stands at 11.66% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 174.24% and total cumulative return in cash reaches $57,760. For financing, Ziffy Mortgage’s DSCR program evaluates $972/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1977
N/A 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 |
|---|---|---|
| 2025-04-30 | Listed for sale | $100,000 |
| 2025-04-29 | Listing removed | $110,000 |
| 2025-04-18 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-01 | $712.65 | N/A | N/A | N/A |
| 2022-05-01 | N/A | N/A | N/A | N/A |
| 2021-05-01 | N/A | N/A | $32,760 | -59.99% |
Listed by: AMY MCLEOD P.C. • Keller Williams Capital City
Mls Name: WVMLS
Mls Provider:
Mls ID: #828346
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.
