3300 Turner Rd SE, Salem, OR, 97302 | $264/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3300 Turner Rd SE, Salem, OR, 97302 | $264/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 3300 Turner Rd SE, Salem, OR, 97302 uses $54,698 cash to close to unlock $3,163/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $808/mo payment keeps the spread at $264/mo. Purchase price stands at $165,000, and rental yield measures 9.16% with $1,260/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 133.69% and total cumulative return in cash records $73,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $808/mo payment rather than investor’s personal income.

Manufactured

Built in 2020

N/A lot

$N/A/sqft

No HOA

More details about the property

Like new! This 2 bed/2 bath, 1120 sqft home boasts vaulted ceilings, a fully covered breezeway to the shed, and storage galore. The bright kitchen features recessed LED lighting, stainless appliances, wood cabinetry and vinyl lank flooring. But the showstopper is the location and park-like setting, adjacent to the creek and sitting at the end of the lane. A must-see home!

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