4915 Swegle Rd NE #17ASalemOR97301
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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
Investment Highlights
Investment property for sale in Salem at 4915 Swegle Rd NE #17A, Salem, OR, 97301 uses $39,449 cash to close to unlock $2,294/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $909/mo, and a $582/mo payment keeps the spread at $191/mo. Purchase price stands at $119,000, and rental yield measures 9.17% with $909/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 133.95% and total cumulative return in cash records $52,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $582/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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