2120 Robins Ln SE UNIT 45, Salem, OR, 97306 | $217/mo Cash Flow

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2120 Robins Ln SE UNIT 45, Salem, OR, 97306 | $217/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 2120 Robins Ln SE UNIT 45, Salem, OR, 97306 listed at $124,900 pairs $971/mo rent with a $611/mo payment to leave $217/mo cash flow. Total monthly income runs $971/mo, and annual cash flow reaches $2,609/yr on $41,404 cash to close. Return on cash invested measures 26.21% in year one, and rental yield registers 9.33% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 136.5% and total cumulative return in cash totals $56,518. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $971/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1981

N/A lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Completely renovated 2 BR/2 BA, all electric doublewide w/ 560 sq ft detached garage in Terrace Lake's 55+ gated manufactured community where park rent is $895 & includes garbage, cable, swimming pool, clubhouse & lake usage. Covered deck to front door & deck in fenced backyard off MBR. Plumbing lines have been replaced, too. Don't miss this opportunity for affordable living w/ ease of access to shopping & I-5!

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