3456 Frontier Dr NW, Salem, OR, 97304 | $632/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3456 Frontier Dr NW, Salem, OR, 97304 | $632/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 3456 Frontier Dr NW, Salem, OR, 97304 uses $152,159 cash to close to unlock $7,584/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $3,403/mo, and a $2,247/mo payment keeps the spread at $632/mo. Purchase price stands at $459,000, and rental yield measures 8.9% with $3,403/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 129.35% and total cumulative return in cash records $196,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,403/mo property income covering a $2,247/mo payment rather than investor’s personal income.

Single Family

Built in 1994

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful One-Level Home in Chatnicka Heights! 1,840 SF, 3 bed/2 bath home offers high trayed ceilings, hardwood floors, and abundant natural light. The spacious kitchen features oak cabinetry, breakfast bar, pantry, and sunny nook opening to the family room with a gas fireplace. Primary suite includes a walk-in closet, dual vanities, jetted tub, and shower. French doors lead to a newer partially covered Trex deck, with powered retractable awning, overlooking the peaceful, quiet, private, and large yard. Built in 1994, this well-maintained home blends comfort, style, and function (with dual living areas) all in a desirable neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,298 (100%)
Owner Occupied HU	9,012 (63.0%)
Renter Occupied HU	4,744 (33.2%)
Vacant Housing Units	542 ( 3.8%)
Median Home Value	$502,291
Average Home Value	$545,006