3474 Turner Rd SE, Salem, OR, 97302 | $211/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3474 Turner Rd SE, Salem, OR, 97302 | $211/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 3474 Turner Rd SE, Salem, OR, 97302 listed at $135,000 pairs $1,026/mo rent with a $661/mo payment to leave $211/mo cash flow. Total monthly income runs $1,026/mo, and annual cash flow reaches $2,530/yr on $44,753 cash to close. Return on cash invested measures 25.56% in year one, and rental yield registers 9.12% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 132.97% and total cumulative return in cash totals $59,509. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,026/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming Palm Harbor home with modern upgrades. Beautifully maintained 2007 Palm Harbor home offering 1,485 SF of comfortable living space. Open concept layout with updated laminate flooring & a spacious kitchen with SS appliances. Primary suite includes double vanity, walk-in shower and closet with plenty of storage space. Enjoy outdoor living with a front covered patio, a fenced & gated backyard, and a powered shed for extra functionality. Located steps from amenities, move in ready.

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