6074 Fircrest St SE, Salem, OR, 97306 | $281/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6074 Fircrest St SE, Salem, OR, 97306 | $281/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 6074 Fircrest St SE, Salem, OR, 97306 listed at $399,000 pairs $2,690/mo rent with a $1,953/mo payment to leave $281/mo cash flow. Total monthly income runs $2,690/mo, and annual cash flow reaches $3,378/yr on $132,269 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 8.09% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 116.35% and total cumulative return in cash totals $153,890. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,690/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1985

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. This single story home has so much to offer. Kitchen w/SS appliances & quartz countertops, large pantry space, inside laundry room w 1/2 bath, garage with 7x9ft work area, primary bedroom w/adjoining bath featuring jetted tub, step-in-shower, an additional 6x9 "flex space" area (gym/hobby/etc.), and a SAUNA. Low maintenance yards, fully fenced back yard w/access from large back deck area great for enjoying shaded treed view. Newer roof, HVAC,A/C, paint, flooring kitch/lvrm/dining&water heater. Must visit! Large area under home offers tons of storage space. Close to shopping, I-5 access. The back of the property lot line extends past the wooden fence to the chain link fence located at bottom of slope.

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