3100 Turner Rd S #220SalemOR97302
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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 3100 Turner Rd S #220, Salem, OR, 97302 listed at $209,500 pairs $1,477/mo rent with a $1,025/mo payment to leave $213/mo cash flow. Total monthly income runs $1,477/mo, and annual cash flow reaches $2,554/yr on $69,449 cash to close. Return on cash invested measures 23.59% in year one, and rental yield registers 8.46% at a $209,500 basis. Equity gained on principal adds $1,352/yr, and annual property appreciation at 5% supports $57,881 by year five. Five-year ROI tracks 122.37% and total cumulative return in cash totals $84,987. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,477/mo property income relative to a $1,025/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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