304 Boone Rd SESalemOR97306
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
Investment property for sale in Salem at 304 Boone Rd SE, Salem, OR, 97306 at $374,900 posts ROI 20.87% with $100/mo cash flow from $2,363/mo rent. Total monthly income equals $2,363/mo, and annual cash flow records $1,200/yr on $124,279 to close. Return on cash invested measures 20.87% and rental yield reads 7.56% at the current $374,900. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 by year five. Five-year ROI prints 107.81% and total cumulative return in cash totals $133,987.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,363/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DANA and ALAN BURK • Keller Williams Capital City
Mls Name: WVMLS
Mls Provider:
Mls ID: #832097
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.