3140 Earhart St S, Salem, OR, 97302 | $170/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3140 Earhart St S, Salem, OR, 97302 | $170/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

Investment property for sale in Salem at 3140 Earhart St S, Salem, OR, 97302 uses $137,573 cash to close to unlock $2,043/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $2,675/mo, and a $2,031/mo payment keeps the spread at $170/mo. Purchase price stands at $415,000, and rental yield measures 7.73% with $2,675/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 110.64% and total cumulative return in cash records $152,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,675/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Single Family

Built in 1955

5,013 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming vintage-style home in the heart of Candalaria! This 3-bedroom, 2-bath property features refinished wood floors, a private primary suite with a claw-foot soaking tub, and plenty of closet and storage space. Outside, enjoy a fenced yard with raised garden beds ready for planting. Classic character meets modern comfort in this move-in-ready home. Owner is an Oregon-licensed Realtor.

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