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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% |
Rental property for sale in Salem at 2216 Greentree Dr NE, Salem, OR, 97305 offers $2,220/mo rent that, after a $1,223/mo payment, leaves $662/mo cash flow. Total monthly income is $2,220/mo, and annual cash flow is $7,940/yr on $82,842 cash. Return on cash invested measures 29.49% in year one, and rental yield stands at 10.66% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 154.32% and total cumulative return in cash reaches $127,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,220/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
5,662 sqft lot
$N/A/sqft
$150 quarterly HOA
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Date | Event | Price |
|---|---|---|
| 2025-04-13 | Listed for sale | $249,900 |
| 2025-03-04 | Listing removed | N/A |
| 2024-12-17 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-04-16 | N/A | N/A | N/A | N/A |
| 2017-04-16 | $1128.48 | N/A | N/A | N/A |
| 2016-04-16 | N/A | N/A | N/A | N/A |
Listed by: Jeff Hill • Jeffrey A Hill Broker
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #568571467
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-16 12:14:40 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
