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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 3093 Glen Creek Rd NW, Salem, OR, 97304 generates $3,060/mo in rent and, after a $2,442/mo payment, leaves $48/mo in cash flow. Total monthly income is $3,060/mo, and annual cash flow is $580/yr on $165,419 invested. Return on cash invested sits at 20.26% in year one, and rental yield is 7.36% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $172,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.34 Acres 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $499,000 |
| 2019-10-07 | Sold | $343,500 |
| 2019-08-14 | Pending sale | $330,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-15 | $4739.46 | 3.31% | $251,470 | 3.00% |
| 2022-04-15 | $4587.72 | 2.94% | $244,150 | 3.00% |
| 2021-04-15 | $4456.77 | 3.06% | $237,040 | 3.00% |
Listed by: ERIN GARIBAY • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #827312
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.
