600 Fairview Ave SESalemOR97302
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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
Investment Highlights
Investment property for sale in Salem at 600 Fairview Ave SE, Salem, OR, 97302 with 5% annual appreciation on a $325,000 basis while $2,318/mo rent supports operations. Total monthly income totals $2,318/mo and a $1,591/mo payment preserves $356/mo for cash returns. Annual cash flow comes to $4,272/yr on $107,738 deployed, and return on cash invested reaches 23.87% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.56%. Five-year ROI measures 123.89% and total cumulative return in cash totals $133,477.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,318/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
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