612 Evelyn Valley St SESalemOR97306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 612 Evelyn Valley St SE, Salem, OR, 97306 at $509,900 posts ROI 20.45% with $54/mo cash flow from $3,132/mo rent. Total monthly income equals $3,132/mo, and annual cash flow records $646/yr on $167,757 to close. Return on cash invested measures 20.45% and rental yield reads 7.37% at the current $509,900. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 by year five. Five-year ROI prints 105.49% and total cumulative return in cash totals $176,960.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,132/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
4,974 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
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