4627 2nd Way SE, Salem, OR, 97302 | $492/mo Cash Flow

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4627 2nd Way SE, Salem, OR, 97302 | $492/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 4627 2nd Way SE, Salem, OR, 97302 uses $148,678 cash to close to unlock $5,904/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $3,199/mo, and a $2,195/mo payment keeps the spread at $492/mo. Purchase price stands at $448,500, and rental yield measures 8.56% with $3,199/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $123,912 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash records $184,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,199/mo property income covering a $2,195/mo payment rather than investor’s personal income.

Single Family

Built in 1966

7,650 sqft lot

$N/A/sqft

No HOA

More details about the property

Updated single-level home with spacious interior and exterior. Features a private family room off the kitchen, a large kitchen with all appliances, and an oversized primary bedroom. Pull-down attic for extra storage. Conveniently located near schools and shopping. New in 2024: roof, LVP, lighting, HVAC, and countertops. Vinyl windows new in 2019.

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