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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 2320 5th St NE, Salem, OR, 97301 offers a 7.01% rental yield on a $299,900 purchase with $1,752/mo rent. 2% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 98.86% and total cumulative return in cash at $98,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,752/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
6,000 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 |
|---|---|---|
| 2025-07-25 | Sold | $299,900 |
| 2025-06-16 | Pending sale | $299,900 |
| 2025-06-16 | Contingent | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $1807.71 | 3.04% | $92,070 | 6.08% |
| 2023-11-03 | $1754.45 | 2.88% | $86,790 | N/A |
| 2022-11-03 | $1705.41 | 2.93% | $86,790 | 2.99% |
Listed by: ERIC WELLARD and BRIAN BEMIS • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #829125
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.
