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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 3321 Felton St S, Salem, OR, 97302 offers a 6.32% rental yield on a $759,000 purchase with $3,998/mo rent. 26% in year one. Equity gained on principal adds $4,898/yr while 5% annual appreciation supports $209,698 over five years. Portfolio math shows five-year ROI at 88.39% and total cumulative return in cash at $220,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,998/mo property income against a $3,715/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
8,586 sqft 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 |
|---|---|---|
| 2025-08-07 | Listing removed | N/A |
| 2025-07-17 | Price change | $825,000 |
| 2025-07-11 | Listed for sale | $840,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $6901.86 | 3.04% | $351,520 | 1959.29% |
| 2023-10-16 | $6698.45 | 1897.21% | $17,070 | N/A |
| 2022-10-16 | $335.39 | N/A | $17,070 | N/A |
Listed by: JENNIFER LARSON • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #797423
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.
