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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% |
Investment property for sale in Salem at 2620 Skopil Ave S, Salem, OR, 97302 earns from $3,280/mo rent with a $2,736/mo payment. Total monthly income totals $3,280/mo. ROI tracks 18.9% on current figures, and rental yield reads 7.04% at a $559,000 purchase. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 over five years. Five-year ROI reaches 97.42% and total cumulative return in cash sums $179,163. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,280/mo property income instead of your personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Sold | $559,000 |
| 2025-05-12 | Contingent | $559,000 |
| 2025-05-09 | Listed for sale | $559,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $6416.05 | 3.04% | $326,780 | 6.09% |
| 2023-10-22 | $6227.03 | 2.88% | $308,030 | N/A |
| 2022-10-22 | $6052.77 | 2.94% | $308,030 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
