2055 Laurel Ave NE, Salem, OR, 97301 | $65/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2055 Laurel Ave NE, Salem, OR, 97301 | $65/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 2055 Laurel Ave NE, Salem, OR, 97301 uses $109,395 cash to close to unlock $783/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $1,615/mo payment keeps the spread at $65/mo. Purchase price stands at $330,000, and rental yield measures 7.48% with $2,057/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 106.51% and total cumulative return in cash records $116,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $1,615/mo payment rather than investor’s personal income.

Single Family

Built in 1953

5,640 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming home that has been beautifully updated inside & out. Step into the bright and inviting living room, where large picture windows fill the space with natural light and highlight the refinished hardwood floors. Both bedrooms feature multiple windows, creating a warm and airy feel throughout.The spacious kitchen offers plenty of room to cook and gather, while the updated bathroom brings modern style & comfort. Brand new roof just installed! Come tour this incredible 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