3100 Turner Rd SE Unit 620SalemOR97302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 SE Unit 620, Salem, OR, 97302 listed at $255,000 pairs $2,180/mo rent with a $1,248/mo payment to leave $641/mo cash flow. Total monthly income runs $2,180/mo, and annual cash flow reaches $7,690/yr on $84,533 cash to close. Return on cash invested measures 29.01% in year one, and rental yield registers 10.26% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 151.42% and total cumulative return in cash totals $128,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,180/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1992
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices