2857 Bald Eagle Ave NW, Salem, OR, 97304 | $144/mo Cash Flow

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2857 Bald Eagle Ave NW, Salem, OR, 97304 | $144/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 2857 Bald Eagle Ave NW, Salem, OR, 97304 offers a 7.55% rental yield on a $560,000 purchase with $3,524/mo rent. Total monthly income registers $3,524/mo, and a $2,741/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,724/yr on $184,240 to close, and return on cash invested stands at 21% in year one. Equity gained on principal adds $3,614/yr while 5% annual appreciation supports $154,718 over five years. Portfolio math shows five-year ROI at 108.44% and total cumulative return in cash at $199,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,524/mo property income against a $2,741/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

If youve been waiting for a move-in ready West Salem home, this one deserves a closer look. 2857 Bald Eagle Ave offers 3 bedrooms, 2.5 baths, and a location that puts you just minutes from downtown Salem and the Capitol. From the street youll catch valley views, and out back youll find an oversized covered deck made formorning coffee or summer evenings with friends. The main level is all about easy living: an updated kitchen with white cabinets, quartz counters, stainless appliances, plus a dining and living space that flows together beautifully. Theres even a flexible nook o! the entry that works as a cozy reading spot or home office. And heres the best part: the big updates are already done. New roof (2025), high-efficiency HVAC with HEPA filtration, new AC, new water heater, newer dishwasher, fresh carpet upstairs, and newer exterior paint. Add to that a cedar fence, new shower, insulated shed, attic fan, generator interlock system, Wyze security lighting, and a water filtration system at the kitchen sink. Light, bright, and thoughtfully updated, this home is clean, comfortable, and truly turnkey.

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