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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 4917 Gemini Ave NE, Salem, OR, 97305 listed at $490,000 pairs $3,505/mo rent with a $2,398/mo payment to leave $497/mo cash flow. Total monthly income runs $3,505/mo, and annual cash flow reaches $5,968/yr on $162,435 cash to close. Return on cash invested measures 23.58% in year one, and rental yield registers 8.58% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 122.49% and total cumulative return in cash totals $198,972. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,505/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
4,860 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 |
|---|---|---|
| 2025-10-01 | Sold | $490,000 |
| 2025-08-24 | Contingent | $499,000 |
| 2025-08-12 | Price change | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $5356.04 | 3.04% | $272,790 | 6.09% |
| 2023-10-30 | $5198.20 | 2.88% | $257,140 | N/A |
| 2022-10-30 | $5052.80 | 499.64% | $257,140 | 499.95% |
Listed by: LINDA WEBB • Harcourts Silverton
Mls Name: WVMLS
Mls Provider:
Mls ID: #832022
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.
