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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 713, Salem, OR, 97302 uses $56,322 cash to close to unlock $4,044/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $832/mo payment keeps the spread at $337/mo. Purchase price stands at $169,900, and rental yield measures 9.63% with $1,363/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 141.24% and total cumulative return in cash records $79,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: CONNIE BASINGER • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls ID: #833610
