2670 Brooks Ave NE, Salem, OR, 97301 | $387/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2670 Brooks Ave NE, Salem, OR, 97301 | $387/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 2670 Brooks Ave NE, Salem, OR, 97301 uses $107,704 cash to close to unlock $4,645/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,590/mo payment keeps the spread at $387/mo. Purchase price stands at $324,900, and rental yield measures 8.67% with $2,348/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 125.79% and total cumulative return in cash records $135,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,590/mo payment rather than investor’s personal income.

Townhouse

Built in 2008

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this thoughtfully designed and well maintained NE Salem townhome. This home features three bedrooms, one and a half baths and is located only minutes away from groceries, hardware store, coffee shops, pubs, pickle ball courts, Highland Elementary and the fairgrounds. One block away from five different bus stops. Stay cool this Summer with central A/C throughout.Low HOA dues at only $105/mo front landscaping and exterior building maintenance - exterior paint is less than 2 years old.

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