388 Pietro St 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 388 Pietro St NE, Salem, OR, 97301 priced at $424,995 pairs $2,400/mo rent with after a $2,080/mo payment. Total monthly income equals $2,400/mo. Return on cash invested is 18.5% in year one, and rental yield stands at 6.78% on a $424,995 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,418 by year five. Five-year ROI measures 95.09% and total cumulative return in cash reaches $133,971. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
4,791 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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