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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 3340 Turner Rd SE, Salem, OR, 97302 uses $53,040 cash to close to unlock $15,280/yr annual cash flow and $1,273/mo monthly cash flow. Total monthly income runs $2,239/mo, and a $783/mo payment keeps the spread at $1,273/mo. Purchase price stands at $160,000, and rental yield measures 16.79% with $2,239/mo rent. Return on cash invested shows 48.72% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 257.15% and total cumulative return in cash records $136,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,239/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
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 |
|---|---|---|
| 2025-06-09 | Listed for sale | $160,000 |
| 2025-01-18 | Listing removed | $164,000 |
| 2025-01-15 | Price change | $164,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-06-11 | $1127.17 | 316.62% | N/A | N/A |
| 2017-06-11 | $270.55 | -69.62% | N/A | N/A |
| 2016-06-11 | $890.50 | N/A | N/A | N/A |
Listed by: ERIC WELLARD and BRIAN BEMIS • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #829964
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.
