3502 Turner Rd SE, Salem, OR, 97302 | $171/mo Cash Flow

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Price: $300K - 500K

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3502 Turner Rd SE, Salem, OR, 97302 | $171/mo Cash Flow | Ziffy

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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 3502 Turner Rd SE, Salem, OR, 97302 uses $73,667 cash to close to unlock $2,056/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,513/mo, and a $1,088/mo payment keeps the spread at $171/mo. Purchase price stands at $222,222, and rental yield measures 8.17% with $1,513/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $61,396 over five years. Five-year ROI reaches 117.64% and total cumulative return in cash records $86,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,513/mo property income covering a $1,088/mo payment rather than investor’s personal income.

Manufactured

Built in 2023

N/A lot

$N/A/sqft

No HOA

More details about the property

Join the Lakeside Village community as the proud homeowner of this brand new 2023 Champion home measuring 1,326 sq. ft., featuring 3 bedrooms, and 2 bathrooms! Make this a MUST SEE! Call for an appointment today! As part of home ownership at Lakeside Village, you'll have access to many high-end living perks from all of the amenities, activities, and events that this wonderful community has to offer. Welcome Home! All home buyers must apply for residency in our community. Lakeside Village is an Equal Housing Community. Our state license number is license #MSD563.

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