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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 2200 Lancaster Dr SE UNIT 19C, Salem, OR, 97317 offers a 9.36% rental yield on a $124,900 purchase with $974/mo rent. Total monthly income registers $974/mo, and a $611/mo payment leaves $220/mo available for distribution. Annual cash flow reaches $2,645/yr on $41,404 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 136.97% and total cumulative return in cash at $56,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $974/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-17 | Listed for sale | $124,900 |
| 2024-07-15 | Listing removed | $139,900 |
| 2024-06-20 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-03-20 | N/A | N/A | N/A | N/A |
| 2017-03-20 | $74.81 | -62.14% | N/A | N/A |
| 2016-03-20 | $197.58 | N/A | N/A | N/A |
Listed by: SCOTT ROBBLEE • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #826586
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.
