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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 580 Gerth Ave NW, Salem, OR, 97304 offers a 9.65% rental yield on a $275,000 purchase with $2,212/mo rent. Total monthly income registers $2,212/mo, and a $1,346/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,624/yr on $91,163 to close, and return on cash invested stands at 27.18% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 141.65% and total cumulative return in cash at $129,131. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,212/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
4,067 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-07-08 | Sold | $275,000 |
| 2025-06-12 | Contingent | $275,000 |
| 2025-06-09 | Price change | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $2029.82 | 2.98% | $107,710 | 2.99% |
| 2023-10-30 | $1971.02 | 3.30% | $104,580 | 2.99% |
| 2022-10-30 | $1907.99 | 2.93% | $101,540 | 2.99% |
Listed by: WHITNEY BEYER • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #829019
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.
