4100 Cordon Rd NESalemOR97305
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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 4100 Cordon Rd NE, Salem, OR, 97305 generates $3,176/mo in rent, after a $2,932/mo payment. Total monthly income is $3,176/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 6.36% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 89.07% and total cumulative return in cash sums $175,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
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