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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% |
Investment property for sale in Salem at 370 Veall Ln NW, Salem, OR, 97304 at $750,000 posts ROI 6.39% with from $1,716/mo rent. Total monthly income equals $1,716/mo. Return on cash invested measures 6.39% and rental yield reads 2.75% at the current $750,000. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 by year five. Five-year ROI prints 30.1% and total cumulative return in cash totals $74,274. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,716/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2024-01-29 | Listed for sale | $750,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2907.88 | 3.31% | $154,290 | 3.00% |
| 2022-10-18 | $2814.83 | 2.94% | $149,800 | 3.00% |
| 2021-10-18 | $2734.51 | 3.06% | $145,440 | 3.00% |
Listed by: CHRISTINE FOLZ • Real Broker
Mls Name: WVMLS
Mls Provider:
Mls ID: #812911
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.
