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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% |
Rental property for sale in Salem at 460 Leffelle St S, Salem, OR, 97302 offers $4,520/mo rent that, after a $7,582/mo payment. Total monthly income is $4,520/mo. Return on cash invested measures 7.88% in year one, and rental yield stands at 3.5% at a $1,549,000 entry. Equity gained on principal adds $9,995/yr while 5% annual appreciation compounds into $427,960 by year five. Five-year ROI records 38.35% and total cumulative return in cash reaches $192,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,520/mo property income versus a $7,582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $1,549,000 |
| 2021-05-24 | Sold | $1,169,000 |
| 2020-08-26 | Price change | $895,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $19764.51 | 2.88% | $977,680 | N/A |
| 2022-10-18 | $19211.30 | 2.94% | $977,680 | 3.00% |
| 2021-10-18 | $18662.32 | 11.08% | $949,210 | 27.15% |
Listed by: JENNIFER LARSON • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #822107
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.
