3100 Turner Rd SE, Salem, OR, 97302 | $209/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3100 Turner Rd SE, Salem, OR, 97302 | $209/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 3100 Turner Rd SE, Salem, OR, 97302 offers a 8.41% rental yield on a $214,900 purchase with $1,506/mo rent. Total monthly income registers $1,506/mo, and a $1,052/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,504/yr on $71,239 to close, and return on cash invested stands at 23.42% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 121.51% and total cumulative return in cash at $86,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Well maintained home in desirable Paradise Park. Open floor plan, large rooms, scenic beauty surrounds. Landscaping w/UGS. A/C. Oversized deck for entertaining or hosting friends. Carport w/storage shed attached. This home is a must see in excellent location in park. 2025-09-08

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