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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 2650 Summer St SE, Salem, OR, 97302 uses $132,368 cash to close to unlock $446/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $2,447/mo, and a $1,954/mo payment keeps the spread at $37/mo. Purchase price stands at $399,300, and rental yield measures 7.35% with $2,447/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $110,319 over five years. Five-year ROI reaches 104.47% and total cumulative return in cash records $138,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,447/mo property income covering a $1,954/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,098 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 | Listing removed | $400,000 |
| 2025-05-12 | Contingent | $400,000 |
| 2025-05-09 | Price change | $400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2675.15 | 3.03% | $136,250 | 6.08% |
| 2023-10-10 | $2596.43 | 2.88% | $128,440 | N/A |
| 2022-10-10 | $2523.83 | 2.94% | $128,440 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
