4918 Dorrance St NESalemOR97305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Salem at 4918 Dorrance St NE, Salem, OR, 97305 priced at $439,000 pairs $2,888/mo rent with $238/mo cash flow after a $2,149/mo payment. Total monthly income equals $2,888/mo, and annual cash flow comes to $2,854/yr on $145,529 invested. Return on cash invested is 21.87% in year one, and rental yield stands at 7.89% on a $439,000 basis. Equity gained on principal adds $2,833/yr, and 5% annual appreciation accumulates to $121,288 by year five. Five-year ROI measures 113.15% and total cumulative return in cash reaches $164,672. For financing, Ziffy Mortgage’s DSCR program evaluates $2,888/mo property income against a $2,149/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
5,663 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
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Listed by: DAN ENOS • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #822164
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.