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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% |
Rental property for sale in Salem at 3021 D St NE, Salem, OR, 97301 priced at $429,900 converts $2,162/mo rent into after a $2,104/mo obligation. Total monthly income equals $2,162/mo. Return on cash invested prints 14.62% in year one, and rental yield reads 6.03% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 74.91% and total cumulative return in cash sums $106,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,162/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1939
5,077 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| 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 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $429,900 |
| 2024-09-23 | Sold | $725,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $6507.10 | 2.88% | $321,890 | N/A |
| 2022-04-17 | $6325.13 | 2.94% | $321,890 | 3.00% |
| 2021-04-17 | $6144.41 | 2.14% | $312,520 | 5.19% |
Listed by: MARK SHADRIN • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #827598
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.
