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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% |
Investment property for sale in Salem at 6293 Fairway Ave SE, Salem, OR, 97306 with 5% annual appreciation on a $260,000 basis while $1,999/mo rent supports operations. Total monthly income totals $1,999/mo and a $1,273/mo payment preserves $9/mo for cash returns. Annual cash flow comes to $110/yr on $86,190 deployed, and return on cash invested reaches 20.04% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 9.23%. Five-year ROI measures 105.48% and total cumulative return in cash totals $90,917.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,999/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1979
435.60 sqft lot
$N/A/sqft
$420 monthly HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| 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 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2025-03-03 | Listed for sale | $260,000 |
| 2024-10-07 | Listing removed | $249,900 |
| 2024-07-08 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $2259.82 | 2.88% | $111,790 | N/A |
| 2022-03-04 | $2196.64 | 2.94% | $111,790 | 2.99% |
| 2021-03-04 | $2133.99 | 3.00% | $108,540 | 6.08% |
Listed by: KELLY MARTIN • Realty One Group Willamette Valley
Mls Name: WVMLS
Mls Provider:
Mls ID: #826070
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
