2555 N Oak Grove Rd NW, Salem, OR, 97304 | 5.28% Rental Yield

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Price: $300K - 500K

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2555 N Oak Grove Rd NW, Salem, OR, 97304 | 5.28% Rental Yield | 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 2555 N Oak Grove Rd NW, Salem, OR, 97304 earns from $3,060/mo rent with a $3,402/mo payment. Total monthly income totals $3,060/mo. ROI tracks 14.1% on current figures, and rental yield reads 5.28% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 71.47% and total cumulative return in cash sums $163,410. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,060/mo property income instead of your personal income.

Single Family

Built in 1915

19.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled between Salem, McMinnville, and Dallas, this 19-acre property offers the ideal setting for rural living. The single-level ranch home is ready for updates, making it a great project for those with a vision to create their dream space. This location provides the tranquility of rural life while still being close to the conveniences of nearby towns. Currently utilized to run cattle and grow hay, the property is also well suited for equestrian pursuits. There is a year round creek and a small orchard adding to the properties charm. Whether youre looking for a peaceful retreat or a place to call home, this property is the perfect place to turn your country living dreams into reality.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

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