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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 3850 Aberdeen St S, Salem, OR, 97302 listed at $662,500 pairs $4,298/mo rent with a $3,243/mo payment to leave $152/mo cash flow. Total monthly income runs $4,298/mo, and annual cash flow reaches $1,828/yr on $217,963 cash to close. Return on cash invested measures 20.9% in year one, and rental yield registers 7.79% at a $662,500 basis. Equity gained on principal adds $4,275/yr, and annual property appreciation at 5% supports $183,037 by year five. Five-year ROI tracks 108.21% and total cumulative return in cash totals $235,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,298/mo property income relative to a $3,243/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
4,792 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 |
|---|---|---|
| 2024-09-07 | Price change | $662,500 |
| 2024-08-09 | Price change | $680,000 |
| 2024-07-15 | Price change | $690,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $8181.28 | 2.88% | $404,700 | N/A |
| 2022-10-18 | $7952.32 | 2.94% | $404,700 | 3.00% |
| 2021-10-18 | $7725.15 | 3.00% | $392,920 | 6.09% |
Listed by: HANNAH FOUTS • Smi Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #816739
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.
