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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 2375 Morrow Ct NW, Salem, OR, 97304 at $574,900 posts ROI 19.28% with from $3,348/mo rent. Total monthly income equals $3,348/mo. Return on cash invested measures 19.28% and rental yield reads 6.99% at the current $574,900. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,834 by year five. Five-year ROI prints 99.25% and total cumulative return in cash totals $187,731. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,348/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
7,725 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 |
|---|---|---|
| 2024-09-27 | Price change | $574,900 |
| 2024-08-08 | Price change | $594,000 |
| 2024-07-17 | Price change | $613,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $5129.40 | 3.31% | $272,160 | 3.00% |
| 2022-10-18 | $4965.27 | 2.94% | $264,240 | 3.00% |
| 2021-10-18 | $4823.54 | 3.06% | $256,550 | 3.00% |
Listed by: JULENE WYNN • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #818674
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.
