260 20th St SE, Salem, OR, 97301 | $519/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

260 20th St SE, Salem, OR, 97301 | $519/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1580 sft

465 20th St SE, Salem, OR, 97301

2 Bed
3 Bath
1256 sft

1530 Madelyn Ave SE, Salem, OR, 97306

3 Bed
2 Bath
1140 sft

353 SE Kitzmiller Dr, Dallas, OR, 97338

3 Bed
3 Bath
1407 sft

1535 SW 11th Ave, Dallas, OR, 97338

Nearby investment properties with comparable prices

1 Bed
2 Bath
546 sft

3973 Cousteau Dr, Salem, OR, 97302

4 Bed
1 Bath
1056 sft

1335 Lee St SE, Salem, OR, 97302

1 Bed
2 Bath
502 sft

1984 Audubon Dr SE, Salem, OR, 97302

2 Bed
2 Bath
1384 sft

6311 Fairway Ave SE, Salem, OR, 97306

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Salem at 260 20th St SE, Salem, OR, 97301 uses $89,505 cash to close to unlock $6,225/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $2,149/mo, and a $1,322/mo payment keeps the spread at $519/mo. Purchase price stands at $270,000, and rental yield measures 9.55% with $2,149/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 139.94% and total cumulative return in cash records $125,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,149/mo property income covering a $1,322/mo payment rather than investor’s personal income.

Single Family

Built in 1916

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Classic 1913 home offered for the first time since 1989. This 2-bedroom, 1-bath property features hardwood floors, a covered front porch, and main-level bedrooms. Home is in need of a full remodel, providing an excellent investment or renovation opportunity. Full basement offers room for expansion, with additional storage available in the attic. Forced-air heat and AC powered with gas. Convenient Salem location close to amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096