2314 Misty Glen Ave NWSalemOR97304
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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
Investment Highlights
Investment property for sale in Salem at 2314 Misty Glen Ave NW, Salem, OR, 97304 uses $182,593 cash to close to unlock $6,941/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $3,928/mo, and a $2,716/mo payment keeps the spread at $578/mo. Purchase price stands at $554,995, and rental yield measures 8.49% with $3,928/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $153,335 over five years. Five-year ROI reaches 123.81% and total cumulative return in cash records $226,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,928/mo property income covering a $2,716/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
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