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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% |
Investment property for sale in Salem at 3100 Turner Rd SE UNIT 431, Salem, OR, 97302 offers a 17.27% rental yield on a $115,000 purchase with $1,655/mo rent. Total monthly income registers $1,655/mo, and a $563/mo payment leaves $961/mo available for distribution. Annual cash flow reaches $11,529/yr on $38,123 to close, and return on cash invested stands at 50.15% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 264.84% and total cumulative return in cash at $100,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,655/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1969
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 |
|---|---|---|
| 2025-09-15 | Sold | $115,000 |
| 2025-08-17 | Pending sale | $125,000 |
| 2025-07-17 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $584.52 | 2.98% | N/A | N/A |
| 2023-10-21 | $567.59 | 2.80% | N/A | N/A |
| 2022-10-21 | $552.14 | 2.88% | N/A | N/A |
Listed by: Angela Groves • eXp Realty LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #635548373
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-20 21:59:13 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
