Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 259 Stoneway Dr NW, Salem, OR, 97304 with 5% annual appreciation on a $415,000 basis while $3,336/mo rent supports operations. Total monthly income totals $3,336/mo and a $2,031/mo payment preserves $831/mo for cash returns. Annual cash flow comes to $9,975/yr on $137,573 deployed, and return on cash invested reaches 27.16% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 9.65%. Five-year ROI measures 141.55% and total cumulative return in cash totals $194,733.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,336/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
8,712 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 |
|---|---|---|
| 2025-08-29 | Sold | $415,000 |
| 2025-07-23 | Contingent | $424,900 |
| 2025-07-19 | Price change | $424,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $3779.97 | 2.99% | $200,580 | 3.00% |
| 2023-10-14 | $3670.27 | 3.31% | $194,740 | 3.00% |
| 2022-10-14 | $3552.77 | 2.94% | $189,070 | 3.00% |
Listed by: FELICIA COBB • Realty One Group Willamette Valley
Mls Name: WVMLS
Mls Provider:
Mls ID: #829702
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.
