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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 2356 Benjamin Ave NW, Salem, OR, 97304 uses $199,900 cash to close to unlock $2,541/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $3,966/mo, and a $2,974/mo payment keeps the spread at $212/mo. Purchase price stands at $607,600, and rental yield measures 7.83% with $3,966/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $167,869 over five years. Five-year ROI reaches 110.42% and total cumulative return in cash records $220,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,966/mo property income covering a $2,974/mo payment rather than investor’s personal income.
Single Family
Built in 2014
9,147 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Listing removed | $614,900 |
| 2025-07-10 | Price change | $614,900 |
| 2025-06-26 | Price change | $619,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $6931.40 | 2.99% | $367,810 | 3.00% |
| 2023-10-30 | $6730.26 | 3.31% | $357,100 | 3.00% |
| 2022-10-30 | $6514.73 | 2.94% | $346,700 | 3.00% |
Listed by: N/A • N/A
Mls Name: HomeSmart
Mls Provider:
Mls ID: #548666495
