3482 Turner Rd SESalemOR97302
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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 3482 Turner Rd SE, Salem, OR, 97302 with 5% annual appreciation on a $185,900 basis while $2,048/mo rent supports operations. Total monthly income totals $2,048/mo and a $910/mo payment preserves $926/mo for cash returns. Annual cash flow comes to $11,109/yr on $61,626 deployed, and return on cash invested reaches 37.94% in year one. Equity gained on principal adds $1,200/yr, and five-year appreciation sums $51,361 alongside rental yield of 13.22%. Five-year ROI measures 199.33% and total cumulative return in cash totals $122,841.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,048/mo property income versus a $910/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2020
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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