4976 Columbus Ave NE, Salem, OR, 97301 | $481/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

4976 Columbus Ave NE, Salem, OR, 97301 | $481/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1880 sft

4891 Parsley Ave NE, Salem, OR, 97301

4 Bed
3 Bath
1880 sft

4812 Parsley Ave, Salem, OR, 97301

4 Bed
3 Bath
1880 sft

4812 Parsley Ave NE LOT 284, Salem, OR, 97301

5 Bed
3 Bath
1906 sft

4880 Thyme Northeast Ave, Salem, OR, 97301

Nearby investment properties with comparable prices

3 Bed
2 Bath
1640 sft

2722 NW 17th Ave, Albany, OR, 97321

3 Bed
2 Bath
1864 sft

1150 Scott Ct, Independence, OR, 97351

4 Bed
2 Bath
1924 sft

6101 Woodside Dr SE, Salem, OR, 97306

3 Bed
1 Bath
1250 sft

4075 Beck Ave SE, Salem, OR, 97317

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Salem at 4976 Columbus Ave NE, Salem, OR, 97301 generates $3,438/mo in rent and, after a $2,398/mo payment, leaves $481/mo in cash flow. Total monthly income is $3,438/mo, and annual cash flow is $5,767/yr on $162,433 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 8.42% on a $489,995 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,377 over five years. Five-year ROI reaches 121.68% and total cumulative return in cash sums $197,651. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,438/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

3,960 sqft lot

$N/A/sqft

No HOA

More details about the property

New construction home in Salem! The Pacific two-story floor plan has 4 beds plus a bonus room, 2.5 baths, with a den on main. Has open concept living space, fireplace, stainless steel appliances, and Smart Home Package included. The primary bedroom offers a true retreat with a spacious walk-in closet, double vanity sink, and a walk-in shower. Photos representative of plan only, features/specs may vary!

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