4730 Auburn Rd NE UNIT 148, Salem, OR, 97301 | $200/mo Cash Flow

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Price: $300K - 500K

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4730 Auburn Rd NE UNIT 148, Salem, OR, 97301 | $200/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

Rental property for sale in Salem at 4730 Auburn Rd NE UNIT 148, Salem, OR, 97301 generates $863/mo in rent and, after a $538/mo payment, leaves $200/mo in cash flow. Total monthly income is $863/mo, and annual cash flow is $2,394/yr on $36,432 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 9.42% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 137.92% and total cumulative return in cash sums $50,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $863/mo property income rather than buyer’s personal income.

Manufactured

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 2-bath home in Salem Greene Estates, a desirable 55+ community. Includes new appliances, custom blinds, vinyl windows, and showers with grab bars and ADA shower. Pergo-style flooring and a ceiling fan add comfort to the living area. Enjoy covered patios, a landscaped backyard, an oversized shop, and a new shed. The community offers great amenities for active, comfortable living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096