2020 Warner St NE, Salem, OR, 97301 | $384/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2020 Warner St NE, Salem, OR, 97301 | $384/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 2020 Warner St NE, Salem, OR, 97301 generates $2,044/mo in rent and, after a $1,346/mo payment, leaves $384/mo in cash flow. Total monthly income is $2,044/mo, and annual cash flow is $4,608/yr on $91,163 invested. Return on cash invested sits at 24.96% in year one, and rental yield is 8.92% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash sums $118,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,044/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Cottage with Sweat Equity Potential! This delightful 2-bedroom, 1-bath home offers fantastic walk and bike scores and is just minutes from restaurants, shopping, schools, neighborhood parks, and Salem Hospital. The inviting living room showcases original hardwood floors, while the rest of the home features attractive laminate flooring. A dedicated dining room off the kitchen provides a welcoming space for entertaining, and both bedrooms are generously sized. The laundry room, complete with sink and backyard access, also serves as a handy mudroom after gardening or outdoor activities. The large, fully fenced backyard is a private retreat, bordered by tall trees and offering both a patio and a covered patio. Theres plenty of space for gardening, multiple seating areas, and outdoor fun. With just a few finishing touches, you can personalize this charming cottage and add your own style, a great opportunity for those looking to invest a little work and create the perfect home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096