5422 Portland Rd NE UNIT 22, Salem, OR, 97305 | $224/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

5422 Portland Rd NE UNIT 22, Salem, OR, 97305 | $224/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1248 sft

4940 Sunnyside Rd SE #C, Salem, OR, 97302

2 Bed
2 Bath
1248 sft

3100 Turner Rd SE UNIT 419, Salem, OR, 97302

3 Bed
2 Bath
960 sft

300 SE Lacreole Dr UNIT 241, Dallas, OR, 97338

3 Bed
2 Bath
1296 sft

4355 Bren Loop NE, Salem, OR, 97305

Nearby investment properties with comparable prices

3 Bed
2 Bath
1566 sft

1630 Wallace Rd NW UNIT 4, Salem, OR, 97304

3 Bed
2 Bath
1296 sft

4355 Bren Loop NE #102, Salem, OR, 97305

3 Bed
2 Bath
1296 sft

4355 Bren Loop NE, Salem, OR, 97305

3 Bed
2 Bath
1244 sft

450 SE Lacreole Dr UNIT 49, Dallas, OR, 97338

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

Investment property for sale in Salem at 5422 Portland Rd NE UNIT 22, Salem, OR, 97305 offers a 9.3% rental yield on a $130,000 purchase with $1,008/mo rent. Total monthly income registers $1,008/mo, and a $636/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,683/yr on $43,095 to close, and return on cash invested stands at 26.13% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 136.09% and total cumulative return in cash at $58,647. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,008/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Well-maintained WHEELCHAIR accessible 3 BD 2 BA home in 55+ park. Updates include new roof 3/2024, window screens, granite counters kitchen & bathrooms, new sinks & faucets, new blinds, new carpet, new 30 gal. water heater, fresh interior paint, updated light fixtures. Covered ramp, carport, & deck. Open floor plan throughout. Natural daylight in kitchen w/center island. Includes all kitchen appliances, washer & dryer & new home furnishings, exercise equipment. Move in ready! New home furnishings and exercise equipment included.

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