220 Gardenia Dr N, Salem, OR, 97303 | $1,330/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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220 Gardenia Dr N, Salem, OR, 97303 | $1,330/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 220 Gardenia Dr N, Salem, OR, 97303 with 5% annual appreciation on a $395,000 basis while $3,714/mo rent supports operations. Total monthly income totals $3,714/mo and a $1,933/mo payment preserves $1,330/mo for cash returns. Annual cash flow comes to $15,960/yr on $130,943 deployed, and return on cash invested reaches 32.1% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 11.28%. Five-year ROI measures 168.04% and total cumulative return in cash totals $220,038.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,714/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1968

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Quiet residential neighborhood with easy access to everything. Close to bus, shopping, dining, and other amenities. Each unit includes washer and dryer hookups, 1 car attached garage, gas furnace. Large shared open yard in back. Good for owner occupied alternative to condo living while also investing.*** Please do not disturb tenants - contact your broker to obtain more details ***

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