2055 Carleton Way NESalemOR97301
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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
Investment Highlights
Investment property for sale in Salem at 2055 Carleton Way NE, Salem, OR, 97301 uses $124,313 cash to close to unlock $6,058/yr annual cash flow and $505/mo monthly cash flow. Total monthly income runs $2,768/mo, and a $1,835/mo payment keeps the spread at $505/mo. Purchase price stands at $375,000, and rental yield measures 8.86% with $2,768/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash records $160,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,768/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,148 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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