3388 Doughton St SSalemOR97302
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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
Investment Highlights
Rental property for sale in Salem at 3388 Doughton St S, Salem, OR, 97302 priced at $719,000 converts $3,136/mo rent into after a $3,519/mo obligation. Total monthly income equals $3,136/mo. Return on cash invested prints 13.95% in year one, and rental yield reads 5.23% against a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation compiles into $198,646 by year five. Five-year ROI reaches 70.68% and total cumulative return in cash sums $167,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,136/mo property income covering a $3,519/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,999 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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Nearby investment properties with comparable prices
Listed by: OKSANA FOKSHA • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #819190
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.