5341 14th Pl S, Salem, OR, 97306 | $403/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5341 14th Pl S, Salem, OR, 97306 | $403/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 5341 14th Pl S, Salem, OR, 97306 uses $149,175 cash to close to unlock $4,839/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $2,203/mo payment keeps the spread at $403/mo. Purchase price stands at $450,000, and rental yield measures 8.32% with $3,120/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $179,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Single Family

Built in 1996

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this well-kept single-level in the desirable Sunnyslope area! Featuring 3 bedrooms and 2 bathrooms, this home offers a functional layout with great natural light and plenty of storage. Major updates are already complete new plumbing, a 5-year-old roof, and a new water heater giving peace of mind for years to come. All appliances stay, making this an easy move-in. Situated on a quiet street with a spacious lot and convenient access to shopping, schools, and I-5.

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