6049 Fircrest St SE, Salem, OR, 97306 | $334/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

6049 Fircrest St SE, Salem, OR, 97306 | $334/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1488 sft

1244 Jonmart Ave SE, Salem, OR, 97306

3 Bed
2 Bath
1236 sft

4136 Alameda Ave NE, Albany, OR, 97322

2 Bed
2 Bath
1460 sft

2866 Talbot Rd S, Jefferson, OR, 97352

Rental Income+ 1 more

6 Bed
6 Bath
3400 sft

2893 Raleigh Ct SE, Albany, OR, 97322

Nearby investment properties with comparable prices

3 Bed
2 Bath
1284 sft

1999 Columbus Pl SE, Albany, OR, 97322

3 Bed
3 Bath
1485 sft

Helena Plan, Curry Meadows, Albany, OR, 97322

2 Bed
1 Bath
764 sft

145 Ecols St N, Monmouth, OR, 97361

3 Bed
3 Bath
1697 sft

3414 Marion St SE, Albany, OR, 97322

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 6049 Fircrest St SE, Salem, OR, 97306 listed at $394,300 pairs $2,801/mo rent with a $1,930/mo payment to leave $334/mo cash flow. Total monthly income runs $2,801/mo, and annual cash flow reaches $4,005/yr on $130,710 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 8.52% at a $394,300 basis. Equity gained on principal adds $2,544/yr, and annual property appreciation at 5% supports $108,938 by year five. Five-year ROI tracks 119.37% and total cumulative return in cash totals $156,026. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,801/mo property income relative to a $1,930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2000

3,485 sqft lot

$N/A/sqft

No HOA

More details about the property

This spacious zero lot line home was refurbished a year ago and looks like new. Located in nice area of South Salem close to transportation, shopping, restaurants and good schools. Includes large master bedroom with attached master bathroom and a large walk-in closet. Other two bedrooms are also a good size. There is a large living room, dining room, family room, kitchen and half bath on the main level. Has attached single car garage, plenty of storage, secluded patio in the back and territorial views. Available June 11, 2015. $1300 per month, no pets, no smoking in or on the property. Please call Gene at 503-581-6113 for further information or to set up a time to view. Tenant pays for all utilities.

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