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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 2455 Fisher Rd NE, Salem, OR, 97305 offers $3,004/mo rent that, after a $1,591/mo payment, leaves $1,042/mo cash flow. Total monthly income is $3,004/mo, and annual cash flow is $12,504/yr on $107,738 cash. Return on cash invested measures 31.51% in year one, and rental yield stands at 11.09% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 164.87% and total cumulative return in cash reaches $177,625. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,004/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
| 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 |
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $325,000 |
| 2016-08-31 | Sold | $140,000 |
| 2016-08-18 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2827.45 | 2.88% | $139,870 | N/A |
| 2022-10-18 | $2748.42 | 2.94% | $139,870 | 3.00% |
| 2021-10-18 | $2669.93 | 3.00% | $135,800 | 6.09% |
Listed by: NATHAN WU • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #822379
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.
