5979 Poppy Hills St SE, Salem, OR, 97306 | $515/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

5979 Poppy Hills St SE, Salem, OR, 97306 | $515/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1858 sft

3710 NW Elmwood Dr, Corvallis, OR, 97330

4 Bed
3 Bath
2146 sft

2910 NW Ashwood Dr, Corvallis, OR, 97330

3 Bed
3 Bath
2891 sft

6935 NW Concord Dr, Corvallis, OR, 97330

4 Bed
3 Bath
2573 sft

2162 NW Kari Pl, Corvallis, OR, 97330

Nearby investment properties with comparable prices

4 Bed
2 Bath
2015 sft

158 S 2nd St, Independence, OR, 97351

6 Bed
4 Bath
2368 sft

1720 NW Division St #&-1679, Corvallis, OR, 97330

6 Bed
4 Bath
2352 sft

1208 SE 2nd Ave, Albany, OR, 97321

4 Bed
3 Bath
2492 sft

1340 NW Ashley Dr, Albany, OR, 97321

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

Rental property for sale in Salem at 5979 Poppy Hills St SE, Salem, OR, 97306 priced at $595,000 converts $4,106/mo rent into $515/mo cash flow after a $2,912/mo obligation. Total monthly income equals $4,106/mo, and annual cash flow totals $6,177/yr on $195,755 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 8.28% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 120.34% and total cumulative return in cash sums $235,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,106/mo property income covering a $2,912/mo payment, not borrower’s personal income.

Single Family

Built in 2002

8,298 sqft lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. WOW Priced to sell!!! NEW 50 Year ROOF with warranty, newer dual zoned A/C and newer water Heater! Other updates in the works, including stone gas fireplace. Look no further, this lovely Creekside home has space for everyone! Enjoy this quiet neighborhood from your lovely garden patio, completely fenced and landscaped. Choices abound with Office/Bedroom on the main level and 4 generous beds up, with a huge bonus room or 6th bedroom. Newer stainless steel appliances included. Spacious kitchen boasts granite counters, maple cabinets, Butler's pantry and eating bar. Laundry room with sink. Hardwood floors, High ceilings, gas FP, and arched doorways add to what this home already has to offer. Dual sinks in Primary with jetted tub. Plenty of storage. Convenient cul-de-sac location with no through traffic. Desirable South Salem Schools and Creekside Membership Discount. Close to shopping. Don't miss this one! Check out the virtual tour.

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