5190 Mountain Crest Way S, Salem, OR, 97302 | $24/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5190 Mountain Crest Way S, Salem, OR, 97302 | $24/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 5190 Mountain Crest Way S, Salem, OR, 97302 generates $3,011/mo in rent and, after a $2,341/mo payment, leaves $24/mo in cash flow. Total monthly income is $3,011/mo, and annual cash flow is $282/yr on $158,556 invested. Return on cash invested sits at 20.09% in year one, and rental yield is 7.55% on a $478,300 entry. Equity gained on principal adds $3,086/yr, while 5% annual appreciation builds toward $132,145 over five years. Five-year ROI reaches 103.87% and total cumulative return in cash sums $164,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,011/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

3Bd/2Ba Single story home built in 1989 with approx 1785 sq ft. This home features skylights for ample natural light, FA gas heat, central AC, wood flooring in living and dining areas, granite countertops, interior W/D hookups, bonus room, large deck, double attached garage with opener and a fully fenced back yard. Oven, gas cooktop and dishwasher included *NO FRIDGE*. Tenant is responsible for all utilities and landscaping. No smoking on the property. 1 small pet considered with additional deposit. 1 year lease required. Renter's liability insurance required. IF YOU WISH TO VIEW THE INTERIOR OF THIS HOUSE; please come to our office located at 2339 State St in Salem. Nearest cross street: 23rd. We'll make a copy of your driver's license then give you the code to the lock box that's on the door. Application Fee: $45 for the 1st adult, $25 for each additional adult (regardless of marital status). If an applicant has resided outside of the State of Oregon within the past 5 years, there will be an additional $20 fee to run their out of state background check. (Adult: Any person the age of 18 or older.) Not all properties allow pets, however, if it is noted in the property description that pets are allowed then there is an additional deposit of $250 per animal unless otherwise stated- breed restrictions apply. (see above for specific property pet policy)

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,440 (100%)
Owner Occupied HU	10,373 (56.3%)
Renter Occupied HU	7,247 (39.3%)
Vacant Housing Units	820 ( 4.4%)
Median Home Value	$492,171
Average Home Value	$541,750