362 Monroe Ct NESalemOR97301
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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 362 Monroe Ct NE, Salem, OR, 97301 priced at $345,000 converts $2,609/mo rent into $526/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,609/mo, and annual cash flow totals $6,313/yr on $114,368 invested. Return on cash invested prints 25.43% in year one, and rental yield reads 9.07% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 132.28% and total cumulative return in cash sums $151,288. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,609/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1983
3,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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