2091 Kennedy Cir NE #2091SalemOR97303
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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 2091 Kennedy Cir NE #2091, Salem, OR, 97303 offers a 9% rental yield on a $105,900 purchase with $794/mo rent. Total monthly income registers $794/mo, and a $518/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,861/yr on $35,106 to close, and return on cash invested stands at 25.21% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 131.22% and total cumulative return in cash at $46,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $794/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Housing Distribution
Address Breakdown
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
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