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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 3210 Sumac Dr S, Salem, OR, 97302 with 5% annual appreciation on a $690,000 basis while $3,565/mo rent supports operations. 45% in year one. Equity gained on principal adds $4,452/yr, and five-year appreciation sums $190,634 alongside rental yield of 6.2%. Five-year ROI measures 84.21% and total cumulative return in cash totals $191,168. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,565/mo property income versus a $3,377/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.26 Acres 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 |
|---|---|---|
| 2025-04-07 | Price change | $690,000 |
| 2025-04-03 | Listed for sale | $640,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-12 | $7694.53 | 2.88% | $380,630 | N/A |
| 2022-04-12 | $7479.33 | 2.94% | $380,630 | 3.00% |
| 2021-04-12 | $7265.69 | 3.00% | $369,550 | 6.09% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
