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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 490 Turtle Bay Ct SE, Salem, OR, 97306 at $639,900 posts ROI 21.2% with $199/mo cash flow from $4,208/mo rent. Total monthly income equals $4,208/mo, and annual cash flow records $2,392/yr on $210,527 to close. Return on cash invested measures 21.2% and rental yield reads 7.89% at the current $639,900. Equity gained on principal adds $4,129/yr, and 5% annual appreciation supports $176,793 by year five. Five-year ROI prints 109.82% and total cumulative return in cash totals $231,203.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,208/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Price change | $639,900 |
| 2024-08-26 | Listed for sale | $649,900 |
| 2018-03-07 | Listing removed | $439,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $7957.52 | 2.88% | $393,640 | N/A |
| 2022-10-18 | $7734.98 | 2.94% | $393,640 | 3.00% |
| 2021-10-18 | $7514.00 | 3.00% | $382,180 | 6.09% |
Listed by: GAVIN & JULIE WISSER • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #820637
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
