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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 803, Salem, OR, 97302 uses $54,698 cash to close to unlock $8,683/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $1,720/mo, and a $808/mo payment keeps the spread at $724/mo. Purchase price stands at $165,000, and rental yield measures 12.51% with $1,720/mo rent. Return on cash invested shows 35.78% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 187.82% and total cumulative return in cash records $102,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,720/mo property income covering a $808/mo payment rather than investor’s personal income.
Manufactured
Built in 1970
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 |
|---|---|---|
| 2024-10-11 | Listed for sale | $165,000 |
| 2019-03-12 | Listing removed | $54,900 |
| 2019-03-03 | Pending sale | $54,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-10-18 | $768.27 | 4.55% | N/A | N/A |
| 2017-10-18 | $734.87 | 44.13% | N/A | N/A |
| 2016-10-18 | $509.88 | -16.41% | N/A | N/A |
Listed by: TINA M. SMITH • Coldwell Banker Professional Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #822502
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
