450 Flint Ridge St SE, Salem, OR, 97306 | $147/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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450 Flint Ridge St SE, Salem, OR, 97306 | $147/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 450 Flint Ridge St SE, Salem, OR, 97306 with 5% annual appreciation on a $389,900 basis while $2,500/mo rent supports operations. Total monthly income totals $2,500/mo and a $1,908/mo payment preserves $147/mo for cash returns. Annual cash flow comes to $1,762/yr on $129,252 deployed, and return on cash invested reaches 21.27% in year one. Equity gained on principal adds $2,516/yr, and five-year appreciation sums $107,722 alongside rental yield of 7.69%. Five-year ROI measures 109.95% and total cumulative return in cash totals $142,117.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,500/mo property income versus a $1,908/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1979

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss out on this Salem Gem! So many new things, new roof in, Brand new bathroom professionally done by Kaufman Homes in 5/2025! New carpet & interior & exterior paint all new in June/2025. Cute spacious kitchen, fenced back yard and a garden shed, desirable south Salem neighborhood, super convenient to shopping. good schools & bus routes!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97306, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,384 (100%)
Owner Occupied HU	8,940 (66.8%)
Renter Occupied HU	3,980 (29.7%)
Vacant Housing Units	464 ( 3.5%)
Median Home Value	$505,414
Average Home Value	$554,238