393 Stellers Eagle St NW, Salem, OR, 97304 | $536/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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393 Stellers Eagle St NW, Salem, OR, 97304 | $536/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

Rental property for sale in Salem at 393 Stellers Eagle St NW, Salem, OR, 97304 priced at $575,000 pairs $4,006/mo rent with $536/mo cash flow after a $2,814/mo payment. Total monthly income equals $4,006/mo, and annual cash flow comes to $6,426/yr on $189,175 invested. Return on cash invested is 23.46% in year one, and rental yield stands at 8.36% on a $575,000 basis. Equity gained on principal adds $3,710/yr, and 5% annual appreciation accumulates to $158,862 by year five. Five-year ROI measures 121.64% and total cumulative return in cash reaches $230,111. For financing, Ziffy Mortgage’s DSCR program evaluates $4,006/mo property income against a $2,814/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2005

6,843 sqft lot

$N/A/sqft

No HOA

More details about the property

Enjoy comfort and style with ample space in this beautiful five-bedroom home located in the desirable West Salem Hills. This home features an open floor plan, tall ceilings, a gas fireplace, abundant natural light, and sweeping views. The kitchen is a chef's delight, boasting a gas range, stainless steel appliances, a large island with an eating bar, and a pantry. For added convenience, the main level includes one bedroom and a full bathroom. Upstairs, you'll discover the primary suite, which offers vaulted ceilings, a gas fireplace, a huge walk-in closet, and a private, spa-like bathroom complete with double sinks, a soaking tub, and a walk-in shower. The upper level also includes three additional bedrooms, another full bathroom, and a well-appointed utility room.Step out back to a fully fenced, low-maintenance yard featuring a garden and a patio with a gazebo, perfect for outdoor enjoyment. The triple-car garage provides extra storage space. Updates include a new HVAC system. This home sits on a large corner lot, conveniently located close to excellent schools, parks, and other amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

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