268 Greencrest St, Salem, OR, 97301 | $438/mo Cash Flow

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268 Greencrest St, Salem, OR, 97301 | $438/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

Rental property for sale in Salem at 268 Greencrest St, Salem, OR, 97301 offers $3,438/mo rent that, after a $2,433/mo payment, leaves $438/mo cash flow. Total monthly income is $3,438/mo, and annual cash flow is $5,251/yr on $164,754 cash. Return on cash invested measures 23.1% in year one, and rental yield stands at 8.3% at a $496,995 entry. Equity gained on principal adds $3,207/yr while 5% annual appreciation compounds into $137,311 by year five. Five-year ROI records 119.74% and total cumulative return in cash reaches $197,268. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,438/mo property income versus a $2,433/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

4,257 sqft lot

$N/A/sqft

No HOA

More details about the property

The Ballard features 5 beds, 2.75 baths, with a loft on the upper floor. The dining area feeds into the great room and kitchen that includes stainless steel appliances, kitchen island, quartz countertops, and a roomy pantry. The primary bedroom offers a true retreat with a spacious walk-in closet, double vanity sink, and a walk-in shower. Closing cost credits available! Est. Aug. completion. Photos are representative of plan, features/specs may vary!

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