4698 Wallace Rd NW, Salem, OR, 97304 | ROI: 5.88%

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Price: $300K - 500K

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Home Type: Single Family

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4698 Wallace Rd NW, Salem, OR, 97304 | ROI: 5.88% | 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 4698 Wallace Rd NW, Salem, OR, 97304 projects strong ROI of 5.88%. Rental yield 2.55%. With 5% annual appreciation, the property builds $690,704 in value over five years. Equity growth combined delivers a projected five-year ROI of 27.31%, translating into $221,247 in total cumulative return on $810,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in 1998

19.05 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare Riverfront Property - Welcome to River Cove Farm! Nestled in the heart of Willamette Valley wine country & just minutes from downtown Salem, this one-of-a-kind estate offers a rare blend of lush acreage, Willamette River frontage, & breathtaking views. A gated entry opens to a long, paved driveway leading to this gorgeous Georgian-style home, which exudes elegance throughout. Spanning 19.05 acres, the property also has a cottage, barn, pastures, fruit trees, private beach & cove! The main level primary suite features a cozy fireplace and ensuite bathroom, ensuring comfort and luxury. A library with built-ins and a majestic living room provide stunning views. The elegant kitchen and formal dining room are perfect for hosting memorable gatherings. The expansive game/recreation room includes a kitchenette and full bathroom, ideal for entertaining guests. Enjoy the tranquility of the Willamette River frontage, complete with a private beach and a cove for boat tie-up.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97304, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,298 (100%)
Owner Occupied HU	9,012 (63.0%)
Renter Occupied HU	4,744 (33.2%)
Vacant Housing Units	542 ( 3.8%)
Median Home Value	$502,291
Average Home Value	$545,006