2643 Andrew Ave NWSalemOR97304
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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
Investment Highlights
Investment property for sale in Salem at 2643 Andrew Ave NW, Salem, OR, 97304 at $629,200 posts ROI 23.14% with $532/mo cash flow from $4,387/mo rent. Total monthly income equals $4,387/mo, and annual cash flow records $6,384/yr on $207,007 to close. Return on cash invested measures 23.14% and rental yield reads 8.37% at the current $629,200. Equity gained on principal adds $4,060/yr, and 5% annual appreciation supports $173,836 by year five. Five-year ROI prints 120.09% and total cumulative return in cash totals $248,603.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,387/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
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