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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 2270 Hyde St SE, Salem, OR, 97301 priced at $335,000 converts $2,791/mo rent into $769/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $9,222/yr on $111,053 invested. Return on cash invested prints 28.21% in year one, and rental yield reads 10% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 147.19% and total cumulative return in cash sums $163,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Listed for sale | $335,000 |
| 2023-09-19 | Listing removed | N/A |
| 2023-09-14 | Listed for rent | $1,845 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $1995.47 | 2.88% | $98,710 | N/A |
| 2022-10-18 | $1939.63 | 2.94% | $98,710 | 2.99% |
| 2021-10-18 | $1884.29 | 3.00% | $95,840 | 6.09% |
Listed by: LORENA TORRES ARREDONDO • Centurion Real Estate Services
Mls Name: WVMLS
Mls Provider:
Mls ID: #821615
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.
