3732 Joshua Ave NE, Salem, OR, 97305 | $43/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3732 Joshua Ave NE, Salem, OR, 97305 | $43/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 3732 Joshua Ave NE, Salem, OR, 97305 at $450,000 posts ROI 20.26% with $43/mo cash flow from $2,760/mo rent. Total monthly income equals $2,760/mo, and annual cash flow records $519/yr on $149,175 to close. Return on cash invested measures 20.26% and rental yield reads 7.36% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 104.53% and total cumulative return in cash totals $155,934.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,760/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1975

7,841 sqft lot

$N/A/sqft

No HOA

More details about the property

3732 Joshua Ave. Salem Or 97305 Finished Carpenters House for Sale! Updates made for Comfort and functionality. Built in 1975. 3 Bedroom 2 Bath, Double Car Garage, Extra Large RV Pad with Extended Enclosed Carport and Storage. Remodeled Kitchen with Warm Rich Cherry Wood Cabinets, Granite Counter Tops, Pantry, New Gas Stove and Microwave. Real Hardwood Floors Throughout Hallways and Living Area. Bedrooms and Formal Living Room have carpet. Crown Molding throughout most of the house. Remodeled Bathrooms. Hall Bath has Wanes Coating and Skylight. Front Courtyard with Fountain. Backyard has New Large Trex Deck with Second Concrete Patio, Very Spacious Custom Shed and Garden Beds. Automatic Sprinkler System in Front & Back Yard controlled with WiFi and remote control via cell phone capabilities Custom Tree House with Deck, black steel Railngs, Electricity and Removable black steel Staircase for safety. Garage has Tons of Extra Storage, Plumbed in Air Compressor, 500 lb Wench installed in Ceiling and (2) 30 Amp Electrical Outlets for welder, tanning bed, etc. Lots of parking available on property and street parking. Great Neighborhood with great neighbors who look out for eachother. Close to Freeway Access and shopping. A MUST SEE! Open House will be held Sunday 3/16/25 from 12:00pm to 4:00pm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97305, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,206 (100%)
Owner Occupied HU	8,699 (53.7%)
Renter Occupied HU	7,030 (43.4%)
Vacant Housing Units	477 ( 2.9%)
Median Home Value	$391,262
Average Home Value	$416,883