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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 2267 Milano Ave S, Salem, OR, 97306 with 5% annual appreciation on a $825,000 basis while $4,193/mo rent supports operations. 25% in year one. Equity gained on principal adds $5,324/yr, and five-year appreciation sums $227,932 alongside rental yield of 6.1%. Five-year ROI measures 83.12% and total cumulative return in cash totals $225,609. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,193/mo property income versus a $4,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2011
8,200 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $825,000 |
| 2024-07-17 | Price change | $845,558 |
| 2024-07-10 | Price change | $849,968 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $8900.62 | 2.88% | $440,290 | N/A |
| 2022-10-18 | $8651.63 | 2.94% | $440,290 | 3.00% |
| 2021-10-18 | $8404.44 | 3.00% | $427,470 | 6.09% |
Listed by: DEWEY WHITTON • The Salem Real Estate Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #814751
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.
