Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 3365 Glendale Ave NE, Salem, OR, 97301 generates $2,341/mo in rent and, after a $1,728/mo payment, leaves $210/mo in cash flow. Total monthly income is $2,341/mo, and annual cash flow is $2,520/yr on $117,020 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 7.96% on a $353,000 entry. Equity gained on principal adds $2,278/yr, while 5% annual appreciation builds toward $97,527 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash sums $133,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,341/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2025-09-25 | Sold | $353,000 |
| 2025-08-26 | Pending sale | $349,900 |
| 2025-08-26 | Contingent | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-05 | $2723.48 | 3.04% | $138,710 | 6.09% |
| 2023-11-05 | $2643.13 | 2.88% | $130,750 | N/A |
| 2022-11-05 | $2569.23 | 2.94% | $130,750 | 2.99% |
Listed by: MARK SHADRIN • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #828953
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.
