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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 3781 Shropshire Way S, Salem, OR, 97302 projects strong ROI of 7.02%. Rental yield 2.92%. With 5% annual appreciation, the property builds $663,076 in value over five years. Equity growth combined delivers a projected five-year ROI of 33.41%, translating into $259,823 in total cumulative return on $777,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1915
5.83 Acres 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 |
|---|---|---|
| 2024-08-08 | Listed for sale | $2,400,000 |
| 2020-03-20 | Sold | $1,850,000 |
| 2015-02-09 | Sold | $750,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $18132.30 | 2.88% | $896,950 | N/A |
| 2022-10-18 | $17624.98 | 2.94% | $896,950 | 3.00% |
| 2021-10-18 | $17121.30 | 3.00% | $870,830 | 6.09% |
Listed by: TY HILDEBRAND • Realty One Group Willamette Valley
Mls Name: WVMLS
Mls Provider:
Mls ID: #820166
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.
