4131 Ivory Way NE, Salem, OR, 97305 | $309/mo Cash Flow

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4131 Ivory Way NE, Salem, OR, 97305 | $309/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

Investment property for sale in Salem at 4131 Ivory Way NE, Salem, OR, 97305 listed at $425,000 pairs $2,874/mo rent with a $2,080/mo payment to leave $309/mo cash flow. Total monthly income runs $2,874/mo, and annual cash flow reaches $3,705/yr on $140,888 cash to close. Return on cash invested measures 22.54% in year one, and rental yield registers 8.11% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 116.74% and total cumulative return in cash totals $164,477. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,874/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1962

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Take an opportunity to see this new listing in a quiet neighborhood with tree lined streets. This home has been updated with new flooring, updated kitchen and baths, interior paint and new landscaping. Fully fenced backyard with a large shop, garden area and play structure. Walk to restaurants, coffee shops and stores. Minutes from Keizer Station, Chemekata CC and Jan Rae Pool.

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