2200 Lancaster Dr SE UNIT 13BSalemOR97317
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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 2200 Lancaster Dr SE UNIT 13B, Salem, OR, 97317 earns $1,245/mo cash flow from $1,969/mo rent with a $587/mo payment. Total monthly income totals $1,969/mo, and annual cash flow totals $14,940/yr on $39,780 capital. ROI tracks 57.47% on current figures, and rental yield reads 19.69% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 304% and total cumulative return in cash sums $120,931. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,969/mo property income instead of your personal income.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: TYLER BLYTHE • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #815972
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.