3566 Turner Rd SESalemOR97302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3566 Turner Rd SE, Salem, OR, 97302 priced at $129,900 pairs $2,119/mo rent with $1,335/mo cash flow after a $636/mo payment. Total monthly income equals $2,119/mo, and annual cash flow comes to $16,016/yr on $43,062 invested. Return on cash invested is 57.1% in year one, and rental yield stands at 19.58% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 302.12% and total cumulative return in cash reaches $130,099. For financing, Ziffy Mortgage’s DSCR program evaluates $2,119/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2006
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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Listed by: YELENA OBEDKOV • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #821313
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.