2395 88th Ave NE, Salem, OR, 97305 | $1,284/mo Cash Flow

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Price: $300K - 500K

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2395 88th Ave NE, Salem, OR, 97305 | $1,284/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 2395 88th Ave NE, Salem, OR, 97305 uses $229,971 cash to close to unlock $15,408/yr annual cash flow and $1,284/mo monthly cash flow. Total monthly income runs $5,503/mo, and a $3,421/mo payment keeps the spread at $1,284/mo. Purchase price stands at $699,000, and rental yield measures 9.45% with $5,503/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 139.34% and total cumulative return in cash records $320,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,503/mo property income covering a $3,421/mo payment rather than investor’s personal income.

Single Family

Built in 1983

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious 6-bedroom, 5-bath home in the prestigious Pratum community! Thoughtfully designed with 3 ensuite bedrooms, a large game room, and a 4-car garageperfect for multi-generational / Dual living or entertaining. Located in one of the top-rated areas of the Silver Falls School District, this home offers both luxury and convenience. Enjoy the peaceful setting with room to spread out in style. A rare find in a sought-after locationdont miss this opportunity.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97305, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,206 (100%)
Owner Occupied HU	8,699 (53.7%)
Renter Occupied HU	7,030 (43.4%)
Vacant Housing Units	477 ( 2.9%)
Median Home Value	$391,262
Average Home Value	$416,883