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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 404 16th St SE, Salem, OR, 97301 earns from $2,027/mo rent with a $1,859/mo payment. Total monthly income totals $2,027/mo. ROI tracks 17.38% on current figures, and rental yield reads 6.4% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 89.08% and total cumulative return in cash sums $112,181. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,027/mo property income instead of your personal income.
Single Family
Built in 1910
5,200 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| 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 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2025-07-28 | Listed for sale | $379,900 |
| 2025-04-07 | Sold | $225,000 |
| 2025-03-18 | Contingent | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-31 | $1466.09 | 3.03% | $74,670 | 6.08% |
| 2023-07-31 | $1422.94 | 2.88% | $70,390 | N/A |
| 2022-07-31 | $1383.17 | 2.94% | $70,390 | 3.00% |
Listed by: NATALIE RYBAKOV • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #831603
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.
