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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% |
Rental property for sale in Salem at 4032 Illahe River Way S, Salem, OR, 97302 generates $4,307/mo in rent, after a $4,527/mo payment. Total monthly income is $4,307/mo. Return on cash invested sits at 15.03% in year one, and rental yield is 5.59% on a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 76.43% and total cumulative return in cash sums $232,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,307/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,500 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 |
|---|---|---|
| 2025-05-27 | Listed for sale | $925,000 |
| 2020-11-10 | Sold | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-29 | $6601.11 | 2.88% | $326,540 | N/A |
| 2022-05-29 | $6416.49 | 108.11% | $326,540 | 108.23% |
| 2021-05-29 | $3083.21 | 148.34% | $156,820 | N/A |
Listed by: ERIC FISKUM • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #829359
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.
