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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% |
Investment property for sale in Salem at 2120 Robins Ln SE UNIT 57, Salem, OR, 97306 uses $74,554 cash to close to unlock $9,003/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $2,108/mo, and a $1,101/mo payment keeps the spread at $750/mo. Purchase price stands at $224,900, and rental yield measures 11.25% with $2,108/mo rent. Return on cash invested shows 31.98% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 167.44% and total cumulative return in cash records $124,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,108/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
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 |
|---|---|---|
| 2024-09-20 | Listed for sale | $224,900 |
| 2008-05-18 | Listing removed | $109,900 |
| 2008-04-16 | Price change | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-10-18 | $1907.68 | 14.13% | N/A | N/A |
| 2017-10-18 | $1671.47 | -16.63% | N/A | N/A |
| 2016-10-18 | $2004.88 | N/A | N/A | N/A |
Listed by: QUINTIN BANGERT • Windermere Pacific West Prop
Mls Name: WVMLS
Mls Provider:
Mls ID: #821635
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.
