4626 7th Ave SE, Salem, OR, 97302 | 6.43% Rental Yield

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4626 7th Ave SE, Salem, OR, 97302 | 6.43% Rental Yield | 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

Rental property for sale in Salem at 4626 7th Ave SE, Salem, OR, 97302 generates $2,064/mo in rent, after a $1,884/mo payment. Total monthly income is $2,064/mo. Return on cash invested sits at 17.47% in year one, and rental yield is 6.43% 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 89.56% and total cumulative return in cash sums $114,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,064/mo property income rather than buyer’s personal income.

Single Family

Built in 1982

5,785 sqft lot

$N/A/sqft

No HOA

More details about the property

Wonderful Single Level Home near Woodmansee Park! Interior features 3 bedrooms, 1 bath, and 1090 SF. Updates include hard surface flooring in living room and kitchen area. Fully applianced kitchen. Exterior includes deck and is fully fenced.

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