206 Kevin Way SE, Salem, OR, 97306 | $551/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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206 Kevin Way SE, Salem, OR, 97306 | $551/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 206 Kevin Way SE, Salem, OR, 97306 earns $551/mo cash flow from $3,676/mo rent with a $2,534/mo payment. Total monthly income totals $3,676/mo, and annual cash flow totals $6,610/yr on $170,349 capital. ROI tracks 23.94% on current figures, and rental yield reads 8.52% at a $517,779 purchase. Equity gained on principal adds $3,341/yr, and 5% annual appreciation supports $143,053 over five years. Five-year ROI reaches 124.23% and total cumulative return in cash sums $211,618. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,676/mo property income instead of your personal income.

Single Family

Built in 1972

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

You'll love this top to bottom renovation! Nestled in the rolling hills of south Salem, you'll find this freshly remodeled home that's ready to entertain friends and family. Floorplan offers second living area with fireplace and wetbar, while main level has a fresh new kitchen. From a new roof to the modern new floors, you'll feel at home in this fresh space. If you want to move the fun outdoors, get ready to entertain with this in ground swimming pool and large patio just steps from the kitchen.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97306, Salem, OR area.

Housing Distribution

Housing Statistics

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