5247 Baxter Ct SE, Salem, OR, 97306 | $461/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5247 Baxter Ct SE, Salem, OR, 97306 | $461/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Salem at 5247 Baxter Ct SE, Salem, OR, 97306 offers a 8.25% rental yield on a $549,900 purchase with $3,780/mo rent. Total monthly income registers $3,780/mo, and a $2,691/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,534/yr on $180,917 to close, and return on cash invested stands at 23.12% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,927 over five years. Portfolio math shows five-year ROI at 119.84% and total cumulative return in cash at $216,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,780/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1977

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Showing upon accepted offer to purchase. Please do not disturb the residents.Solid investment opportunity in a prime location. Townhome style duplex located on a cul-de-sac with close proximity to south I-5. Units are 2 bed / 2.5 bath (with main bedroom ensuite bathroom), and 2-car garage; and 2 bed / 1.5 bath with 1-car garage. Constructed in 1977. Units offer garages, driveway parking, washer/dryer hookups, dishwashers, fireplaces, and A/C, with large back yards and decks. Duplex is located off south Commercial Road and Baxter Road, offering easy access to transportation and shopping. Tenants pay electricity, gas, garbage, and cable. Showings upon accepted offer to purchase. Please do not disturb the residents.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97306, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,384 (100%)
Owner Occupied HU	8,940 (66.8%)
Renter Occupied HU	3,980 (29.7%)
Vacant Housing Units	464 ( 3.5%)
Median Home Value	$505,414
Average Home Value	$554,238