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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Total monthly income runs $3,520/mo, and a $2,942/mo payment. Purchase price stands at $601,000, and rental yield measures 7.03% with $3,520/mo rent. Return on cash invested shows 18.86% in year one, and 5% annual appreciation builds toward $166,045 over five years. Five-year ROI reaches 97.19% and total cumulative return in cash records $192,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,520/mo property income covering a $2,942/mo payment rather than investor’s personal income.
Single Family
Built in 1990
8,712 sqft lot
$N/A/sqft
$392 annually HOA
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Sold | $601,000 |
| 2025-05-12 | Pending sale | $599,900 |
| 2025-05-12 | Contingent | $599,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $6507.62 | 5.05% | $384,680 | 6.09% |
| 2023-10-12 | $6194.83 | 3.01% | $362,610 | N/A |
| 2022-10-12 | $6013.75 | 3.27% | $362,610 | 3.00% |
Listed by: Brian Bemis • RE/MAX Integrity
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #228290397
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-12 04:46:03 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
