2463 47th Ave NE, Salem, OR, 97305 | $840/mo Cash Flow

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2463 47th Ave NE, Salem, OR, 97305 | $840/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 2463 47th Ave NE, Salem, OR, 97305 uses $107,738 cash to close to unlock $10,080/yr annual cash flow and $840/mo monthly cash flow. Total monthly income runs $2,802/mo, and a $1,591/mo payment keeps the spread at $840/mo. Purchase price stands at $325,000, and rental yield measures 10.35% with $2,802/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 152.81% and total cumulative return in cash records $164,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,802/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1984

7,210 sqft lot

$N/A/sqft

No HOA

More details about the property

Single-level, 3 bedroom, 2 bath home with RV parking! A few features include 1-year old furnace and A/C, separate living room and family room, wood stove, indoor laundry, lots of storage throughout, covered deck and fully fenced backyard! Just needs a little elbow grease to make this place shine! Priced to sell AS-IS, seller will do no repairs.

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