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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Salem at 5708 Joynak St S, Salem, OR, 97306 offers a 9.19% rental yield on a $364,000 purchase with $2,788/mo rent. Total monthly income registers $2,788/mo, and a $1,782/mo payment leaves $571/mo available for distribution. Annual cash flow reaches $6,849/yr on $120,666 to close, and return on cash invested stands at 25.58% in year one. Equity gained on principal adds $2,349/yr while 5% annual appreciation supports $100,566 over five years. Portfolio math shows five-year ROI at 133.16% and total cumulative return in cash at $160,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,788/mo property income against a $1,782/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2019
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| 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 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Listed for sale | $364,000 |
| 2019-05-16 | Listing removed | $259,995 |
| 2019-01-20 | Price change | $259,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | $3768.01 | 3.03% | $191,910 | 6.08% |
| 2023-08-05 | $3657.07 | 2.88% | $180,910 | N/A |
| 2022-08-05 | $3554.86 | 2.94% | $180,910 | 2.99% |
Listed by: QUINTON HAMEL • Northbridge Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #832155
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
