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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 494 17th St SE UNIT A, Salem, OR, 97301 offers a 18.76% rental yield on a $165,000 purchase with $2,579/mo rent. Total monthly income registers $2,579/mo, and a $808/mo payment leaves $1,486/mo available for distribution. Annual cash flow reaches $17,830/yr on $54,698 to close, and return on cash invested stands at 52.51% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 278.21% and total cumulative return in cash at $152,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,579/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
| 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 |
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
Date | Event | Price |
|---|---|---|
| 2024-02-12 | Sold | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $2762.73 | 3.03% | $140,710 | 6.08% |
| 2023-11-01 | $2681.40 | 2.87% | $132,650 | N/A |
| 2022-11-01 | $2606.55 | 2.94% | $132,650 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
