3100 Turner Rd SE UNIT 419, Salem, OR, 97302 | $215/mo Cash Flow

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3100 Turner Rd SE UNIT 419, Salem, OR, 97302 | $215/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 UNIT 419, Salem, OR, 97302 earns $215/mo cash flow from $997/mo rent with a $634/mo payment. Total monthly income totals $997/mo, and annual cash flow totals $2,582/yr on $42,929 capital. ROI tracks 25.92% on current figures, and rental yield reads 9.24% at a $129,500 purchase. Equity gained on principal adds $836/yr, and 5% annual appreciation supports $35,778 over five years. Five-year ROI reaches 134.99% and total cumulative return in cash sums $57,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $997/mo property income instead of your personal income.

Manufactured

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

Paradise Islands 55+ community, this 1,248 sq. ft. manufactured home offers a spacious layout. The primary suite features a walk-in closet, while the hall bath includes double sinks. The kitchen is equipped with oak cabinets, a built-in upgraded stove/oven, and a SS dishwasher 2yrs old. Large fenced backyard, two carports, and two storage sheds. Recently installed a forced air heater and air conditioning. The roof is in good condition, only 5 years old. This home is tucked away on a quiet side street

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