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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 2871 Wing Tip Ave NW, Salem, OR, 97304 at $665,000 posts ROI 18.12% with from $3,660/mo rent. Total monthly income equals $3,660/mo. Return on cash invested measures 18.12% and rental yield reads 6.6% at the current $665,000. Equity gained on principal adds $4,291/yr, and 5% annual appreciation supports $183,727 by year five. Five-year ROI prints 93% and total cumulative return in cash totals $203,467. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,660/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
6,742 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Listed for sale | $665,000 |
| 2024-10-23 | Listing removed | $699,999 |
| 2024-09-13 | Listed for sale | $699,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-12 | $5917.70 | -5.63% | $343,740 | 3.00% |
| 2022-06-12 | $6271.01 | 2.94% | $333,730 | 3.00% |
| 2021-06-12 | $6091.94 | 3.06% | $324,010 | 3.00% |
Listed by: KIMBERLY LEIGHTY • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #829785
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
