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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% |
Investment property for sale in Salem at 4722 Gill St NE, Salem, OR, 97305 listed at $478,600 pairs $2,660/mo rent with a $2,343/mo payment. Total monthly income runs $2,660/mo. Return on cash invested measures 18.17% in year one, and rental yield registers 6.67% at a $478,600 basis. Equity gained on principal adds $3,088/yr, and annual property appreciation at 5% supports $132,228 by year five. Five-year ROI tracks 93.33% and total cumulative return in cash totals $148,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,660/mo property income relative to a $2,343/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Date | Event | Price |
|---|---|---|
| 2025-07-29 | Listing removed | $484,900 |
| 2025-06-04 | Price change | $484,900 |
| 2025-05-08 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4079.05 | 3.04% | $207,750 | 6.09% |
| 2023-10-19 | $3958.76 | 2.88% | $195,830 | N/A |
| 2022-10-19 | $3848.04 | 2.94% | $195,830 | 3.00% |
Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #828693
