4626 7th Ave SE, Salem, OR, 97302 | 6.67% Rental Yield

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

Rental property for sale in Salem at 4626 7th Ave SE, Salem, OR, 97302 generates $2,141/mo in rent, after a $1,884/mo payment. Total monthly income is $2,141/mo. Return on cash invested sits at 18.19% in year one, and rental yield is 6.67% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 93.45% and total cumulative return in cash sums $119,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,141/mo property income rather than buyer’s personal income.

Single Family

Built in 1982

5,785 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

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