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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 3296 Turner Rd SE, Salem, OR, 97302 listed at $155,000 pairs $2,317/mo rent with a $759/mo payment to leave $1,381/mo cash flow. Total monthly income runs $2,317/mo, and annual cash flow reaches $16,572/yr on $51,383 cash to close. Return on cash invested measures 52.16% in year one, and rental yield registers 17.94% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 275.7% and total cumulative return in cash totals $141,664. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,317/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1989
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 |
|---|---|---|
| 2024-10-06 | Listed for sale | $155,000 |
| 2021-08-17 | Sold | $111,750 |
| 2021-06-21 | Price change | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-10-18 | $791.89 | 53.79% | N/A | N/A |
| 2017-10-18 | $514.90 | 5049.00% | N/A | N/A |
| 2016-10-18 | $10.00 | N/A | N/A | N/A |
Listed by: SHELBY LOONEY • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #822153
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.
