Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 3175 Glen Creek Rd NW, Salem, OR, 97304 offers a 5.97% rental yield on a $789,995 purchase with $3,928/mo rent. 18% in year one. Equity gained on principal adds $5,098/yr while 5% annual appreciation supports $218,261 over five years. Portfolio math shows five-year ROI at 82.61% and total cumulative return in cash at $214,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,928/mo property income against a $3,867/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-07-19 | Listed for sale | $789,995 |
| 2025-06-15 | Listing removed | $789,999 |
| 2025-06-04 | Price change | $789,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $4130.76 | 2.46% | $326,210 | 3.00% |
| 2023-07-23 | $4031.59 | 3.10% | $316,710 | 3.00% |
| 2022-07-23 | $3910.50 | 2.66% | $307,490 | 3.00% |
Listed by: Jared English • Congress Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #190257549
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-07-23 11:55:13 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
