2211 Audubon Ave SESalemOR97302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Salem at 2211 Audubon Ave SE, Salem, OR, 97302 generates $3,684/mo in rent and, after a $2,736/mo payment, leaves $271/mo in cash flow. Total monthly income is $3,684/mo, and annual cash flow is $3,250/yr on $183,911 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 7.91% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 112.98% and total cumulative return in cash sums $207,783. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,684/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
6,098 sqft lot
$N/A/sqft
$39 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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Listed by: NATALIE QUANDT • John L. Scott Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #829633
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.