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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% |
Rental property for sale in Salem at 3595 Balm St S, Salem, OR, 97302 offers $3,974/mo rent that, after a $3,719/mo payment. Total monthly income is $3,974/mo. Return on cash invested measures 17.12% in year one, and rental yield stands at 6.28% at a $759,900 entry. Equity gained on principal adds $4,904/yr while 5% annual appreciation compounds into $209,946 by year five. Five-year ROI records 87.65% and total cumulative return in cash reaches $219,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,974/mo property income versus a $3,719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,969 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 |
|---|---|---|
| 2025-09-04 | Sold | $759,900 |
| 2025-07-15 | Pending sale | $759,900 |
| 2025-07-15 | Contingent | $759,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: MANDI MACK • Tradition Real Estate Partners
Mls Name: WVMLS
Mls Provider:
Mls ID: #829042
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.
