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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 2120 Robins Ln SE UNIT 55, Salem, OR, 97306 generates $2,114/mo in rent and, after a $979/mo payment, leaves $907/mo in cash flow. Total monthly income is $2,114/mo, and annual cash flow is $10,880/yr on $66,298 invested. Return on cash invested sits at 36.32% in year one, and rental yield is 12.68% on a $199,995 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,255 over five years. Five-year ROI reaches 190.67% and total cumulative return in cash sums $126,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,114/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| 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 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Price change | $199,995 |
| 2024-07-14 | Price change | $210,000 |
| 2024-05-31 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-10-18 | $1657.59 | 11.99% | N/A | N/A |
| 2017-10-18 | $1480.11 | 12.75% | N/A | N/A |
| 2016-10-18 | $1312.72 | 53.05% | N/A | N/A |
Listed by: RANDY EVANS • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #817052
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.
