4792 Lancaster Dr NE APT 118, Salem, OR, 97305 | $514/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4792 Lancaster Dr NE APT 118, Salem, OR, 97305 | $514/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 4792 Lancaster Dr NE APT 118, Salem, OR, 97305 uses $74,588 cash to close to unlock $6,169/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,101/mo payment keeps the spread at $514/mo. Purchase price stands at $225,000, and rental yield measures 9.98% with $1,872/mo rent. Return on cash invested shows 28.18% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 147.06% and total cumulative return in cash records $109,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Price improvement! Come and see this amazing end-unit townhome-style condo with rare, deeded carport right by the front door, plus a detached garage with an automatic garage door opener and storage! Two bedrooms and full bath upstairs with newer carpet; convenient half bath on main. Enjoy a private, partially fenced patio shaded by mature trees. Newer washer/dryer included, plus a new front door. Low HOA, $305/monthly, covers water, sewer, garbage, and landscaping. A rare find in this sought-after complex!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97305, Salem, OR area.

Housing Distribution

Housing Statistics

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