3100 Turner Rd SE UNIT 626, Salem, OR, 97302 | $277/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3100 Turner Rd SE UNIT 626, Salem, OR, 97302 | $277/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

Rental property for sale in Salem at 3100 Turner Rd SE UNIT 626, Salem, OR, 97302 generates $1,213/mo in rent and, after a $759/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $3,324/yr on $51,383 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.39% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 137.42% and total cumulative return in cash sums $70,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.

Manufactured

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to Paradise Island! This adorable 2 bed, 1.5 bath home is a retirement dream. The cozy living room and dining area have a great view of the well landscaped neighborhood. The large primary bedroom includes a walk in closet and private half bath. Enjoy your morning coffee on the large rose lined covered deck, Centrally located in the park with its own yard, this home is a must see! Paradise Island is a premiere 55+ Manufactured Home Park! Your low park rent includes: Complementary Cable television, Courtesy Car Service, Heated Pool, Indoor Spa, Workout Room, Pool Hall, Year-round activities and events, City water and sewer, irrigation water from the park's own wells, Curbside Pick up of Garbage and Yard Debris, and Free use of the 7000 sq. ft. rec room.

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