5149 Meteor Ave NESalemOR97305
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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 5149 Meteor Ave NE, Salem, OR, 97305 priced at $482,800 pairs $3,094/mo rent with $132/mo cash flow after a $2,363/mo payment. Total monthly income equals $3,094/mo, and annual cash flow comes to $1,588/yr on $160,048 invested. Return on cash invested is 20.9% in year one, and rental yield stands at 7.69% on a $482,800 basis. Equity gained on principal adds $3,115/yr, and 5% annual appreciation accumulates to $133,389 by year five. Five-year ROI measures 108.09% and total cumulative return in cash reaches $173,000. For financing, Ziffy Mortgage’s DSCR program evaluates $3,094/mo property income against a $2,363/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
4,861 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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