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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 3045 Colleen St NE, Salem, OR, 97305 priced at $325,000 pairs $2,874/mo rent with $752/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,874/mo, and annual cash flow comes to $9,024/yr on $107,738 invested. Return on cash invested is 28.28% in year one, and rental yield stands at 10.61% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 148.19% and total cumulative return in cash reaches $159,661. For financing, Ziffy Mortgage’s DSCR program evaluates $2,874/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
3,920 sqft lot
$N/A/sqft
$160 monthly HOA
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: CHAD HARVEY • Harvey Realty Group Inc
Mls Name: WVMLS
Mls Provider:
Mls ID: #827073
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.
