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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 2363 Cherry Blossom Dr NW, Salem, OR, 97304 generates $3,466/mo in rent, after a $2,740/mo payment. Total monthly income is $3,466/mo. Return on cash invested sits at 19.99% in year one, and rental yield is 7.43% on a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation builds toward $154,690 over five years. Five-year ROI reaches 103.28% and total cumulative return in cash sums $190,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,466/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
6,054 sqft 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 |
|---|---|---|
| 2025-08-12 | Listing removed | $2,900 |
| 2025-08-04 | Listed for rent | $2,900 |
| 2025-07-14 | Sold | $559,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $6598.04 | 2.99% | $350,120 | 3.00% |
| 2023-10-28 | $6406.65 | 3.31% | $339,930 | 3.00% |
| 2022-10-28 | $6201.51 | 2.94% | $330,030 | 3.00% |
Listed by: BRYAN HUGHES • Works Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #828957
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.
