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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% |
Rental property for sale in Salem at 340 Boice St S, Salem, OR, 97302 priced at $630,000 pairs $4,103/mo rent with $300/mo cash flow after a $3,084/mo payment. Total monthly income equals $4,103/mo, and annual cash flow comes to $3,597/yr on $207,270 invested. Return on cash invested is 21.8% in year one, and rental yield stands at 7.82% on a $630,000 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,057 by year five. Five-year ROI measures 112.72% and total cumulative return in cash reaches $233,638. For financing, Ziffy Mortgage’s DSCR program evaluates $4,103/mo property income against a $3,084/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.30 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: KEVAN WILLES • Keller Williams Realty Portland Premiere
Mls Name: WVMLS
Mls ID: #829077
