2232 42nd Ave SE UNIT 595, Salem, OR, 97317 | $205/mo Cash Flow

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2232 42nd Ave SE UNIT 595, Salem, OR, 97317 | $205/mo Cash Flow | Ziffy

For Sale

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 2232 42nd Ave SE UNIT 595, Salem, OR, 97317 listed at $105,000 pairs $839/mo rent with a $514/mo payment to leave $205/mo cash flow. Total monthly income runs $839/mo, and annual cash flow reaches $2,461/yr on $34,808 cash to close. Return on cash invested measures 26.98% in year one, and rental yield registers 9.59% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 140.7% and total cumulative return in cash totals $48,974. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $839/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

SELLER WILL PAY FOR THE FIRST 4 MONTHS RENT WITH ACCEPTABLE OFFER! Enjoy one of the best spots in this 55+ parkright next to the clubhouse, pool, pickleball court, and more! This well-maintained home offers 2 bedrooms, 2 bathrooms, and 1,176 square feet of comfortable living space. Features include stainless steel appliances, central A/C, and a spacious 2-car carport. Park rent is $1,200/month and includes garbage service.