355 Khartoum St SESalemOR97306
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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
Rental property for sale in Salem at 355 Khartoum St SE, Salem, OR, 97306 priced at $499,000 converts $3,671/mo rent into $659/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,671/mo, and annual cash flow totals $7,912/yr on $165,419 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 8.83% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 128.3% and total cumulative return in cash sums $212,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,671/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1992
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
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