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 2623 Andrew Ave NW, Salem, OR, 97304 listed at $750,000 pairs $4,692/mo rent with a $3,671/mo payment to leave $74/mo cash flow. Total monthly income runs $4,692/mo, and annual cash flow reaches $882/yr on $246,750 cash to close. Return on cash invested measures 20.42% in year one, and rental yield registers 7.51% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 105.5% and total cumulative return in cash totals $260,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,692/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
7,841 sqft lot
$N/A/sqft
$55 monthly 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 |
|---|---|---|
| 2025-08-28 | Sold | $750,000 |
| 2025-07-04 | Pending sale | $739,000 |
| 2025-06-11 | Listed for sale | $739,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $7706.53 | 2.99% | $408,940 | 3.00% |
| 2023-10-22 | $7482.84 | 3.31% | $397,030 | 3.00% |
| 2022-10-22 | $7243.27 | 2.94% | $385,470 | 3.00% |
Listed by: KRISTI TOMLIN • Waldrop & Co. Inc. Realtors
Mls Name: WVMLS
Mls Provider:
Mls ID: #830045
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.
