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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 3100 Turner Rd SE UNIT 308, Salem, OR, 97302 generates $2,203/mo in rent and, after a $1,248/mo payment, leaves $664/mo in cash flow. Total monthly income is $2,203/mo, and annual cash flow is $7,966/yr on $84,533 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 10.37% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 153.18% and total cumulative return in cash sums $129,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,203/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| 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 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $255,000 |
| 2021-01-12 | Listing removed | N/A |
| 2020-10-16 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-05-01 | $1087.49 | -1.37% | N/A | N/A |
| 2017-05-01 | $1102.65 | 38.50% | N/A | N/A |
| 2016-05-01 | $796.15 | 65.69% | N/A | N/A |
Listed by: CONNIE BASINGER • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #828300
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.
