341 Cornerstone Ct NESalemOR97301
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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
Investment property for sale in Salem at 341 Cornerstone Ct NE, Salem, OR, 97301 at $310,000 posts ROI 21.18% with $109/mo cash flow from $1,980/mo rent. Total monthly income equals $1,980/mo, and annual cash flow records $1,309/yr on $102,765 to close. Return on cash invested measures 21.18% and rental yield reads 7.66% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 109.5% and total cumulative return in cash totals $112,531.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,980/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2008
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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