4951 Columbus Ave NESalemOR97301
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
Investment property for sale in Salem at 4951 Columbus Ave NE, Salem, OR, 97301 uses $148,510 cash to close to unlock $5,094/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $3,164/mo, and a $2,193/mo payment keeps the spread at $425/mo. Purchase price stands at $447,995, and rental yield measures 8.48% with $3,164/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $123,773 over five years. Five-year ROI reaches 121.15% and total cumulative return in cash records $179,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,164/mo property income covering a $2,193/mo payment rather than investor’s personal income.
Single Family
Built in 2024
4,455 sqft lot
$N/A/sqft
$35 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: HEATHER QUIRKE • D.R. Horton - Inc. Portland
Mls Name: WVMLS
Mls Provider:
Mls ID: #835128
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.