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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 4383 Lemon St NE #36, Salem, OR, 97305 offers a 9.14% rental yield on a $114,900 purchase with $875/mo rent. Total monthly income registers $875/mo, and a $562/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,831/yr on $38,089 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 128.8% and total cumulative return in cash at $49,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $875/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
| 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 |
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $114,900 |
| 2025-04-22 | Listing removed | $114,900 |
| 2025-03-20 | Price change | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-01 | $1464.56 | 2.85% | N/A | N/A |
| 2022-05-01 | $1424.01 | 2.91% | N/A | N/A |
| 2021-05-01 | $1383.71 | 2.98% | $71,960 | -96.54% |
Listed by: CONNIE BASINGER • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #828260
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.
