426 Bivens St NESalemOR97301
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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
Investment property for sale in Salem at 426 Bivens St NE, Salem, OR, 97301 with 5% annual appreciation on a $459,900 basis while $3,338/mo rent supports operations. Total monthly income totals $3,338/mo and a $2,251/mo payment preserves $488/mo for cash returns. Annual cash flow comes to $5,859/yr on $152,457 deployed, and return on cash invested reaches 23.75% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,062 alongside rental yield of 8.71%. Five-year ROI measures 123.48% and total cumulative return in cash totals $188,250.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,338/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
3,920 sqft lot
$N/A/sqft
$35 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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Listed by: VICTOR POLANCO • Hardy Properties
Mls Name: WVMLS
Mls Provider:
Mls ID: #827063
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.