2060 Pippin St NESalemOR97305
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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 2060 Pippin St NE, Salem, OR, 97305 earns $877/mo cash flow from $2,983/mo rent with a $1,708/mo payment. Total monthly income totals $2,983/mo, and annual cash flow totals $10,519/yr on $115,694 capital. ROI tracks 29% on current figures, and rental yield reads 10.26% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 151.39% and total cumulative return in cash sums $175,152. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,983/mo property income instead of your personal income.
Manufactured
Built in 2002
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
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Listed by: MATTHEW ANDREWS • Keller Williams Portland Central
Mls Name: WVMLS
Mls Provider:
Mls ID: #821729
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.