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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% |
Investment property for sale in Salem at 3480 Neef Ave SE, Salem, OR, 97302 offers a 7.01% rental yield on a $355,000 purchase with $2,074/mo rent. 2% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 98.86% and total cumulative return in cash at $116,340. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,074/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
7,405 sqft 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: FRANCISCO GARCIA • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls ID: #831067
