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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 3375 Neef Ave SE, Salem, OR, 97302 at $382,500 posts ROI 23.01% with $327/mo cash flow from $2,636/mo rent. Total monthly income equals $2,636/mo, and annual cash flow records $3,928/yr on $126,799 to close. Return on cash invested measures 23.01% and rental yield reads 8.27% at the current $382,500. Equity gained on principal adds $2,468/yr, and 5% annual appreciation supports $105,678 by year five. Five-year ROI prints 119.28% and total cumulative return in cash totals $151,242.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,636/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
7,405 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 |
|---|---|---|
| 2025-04-25 | Listed for sale | $382,500 |
| 2024-10-09 | Listing removed | $382,500 |
| 2024-09-03 | Listed for sale | $382,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-25 | $2152.30 | 2.88% | $106,470 | N/A |
| 2022-04-25 | $2092.12 | 2.94% | $106,470 | 3.00% |
| 2021-04-25 | $2032.35 | 3.00% | $103,370 | 6.09% |
Listed by: Porshe Turner • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #571203789
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-25 11:43:48 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
