295 Church St SESalemOR97301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Salem at 295 Church St SE, Salem, OR, 97301 offers $2,741/mo rent that, after a $2,594/mo payment. Total monthly income is $2,741/mo. Return on cash invested measures 16.91% in year one, and rental yield stands at 6.21% at a $529,900 entry. Equity gained on principal adds $3,419/yr while 5% annual appreciation compounds into $146,402 by year five. Five-year ROI records 86.54% and total cumulative return in cash reaches $150,863. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,741/mo property income versus a $2,594/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
379 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices