637 17th St NE, Salem, OR, 97301 | $354/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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637 17th St NE, Salem, OR, 97301 | $354/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 637 17th St NE, Salem, OR, 97301 earns $354/mo cash flow from $2,400/mo rent with a $1,659/mo payment. Total monthly income totals $2,400/mo, and annual cash flow totals $4,248/yr on $112,379 capital. ROI tracks 23.69% on current figures, and rental yield reads 8.5% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash sums $138,112. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.

Single Family

Built in 1910

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Location & Charm! Check out this 1910 Bungalow where timeless character meets thoughtful updates. Featuring 3 bedrooms, 1 bath, and a large fenced yard, this home offers both vintage appeal and modern convenience.Inside, youll find a spacious kitchen with pantry, Formal dining room, and updated systems including a new roof, electrical, plumbing, exterior paint, and a refreshed bathroom showcasing a classic clawfoot tub that preserves the homes original charm. Upstairs, the attic provides a flexible loft or potential office space. Perfect for creativity, quiet work time, Or extra storage. Outside, enjoy a spacious backyard with mature landscaping, garden space, and a tranquil pond/water feature. Entertain under the covered patio with a new hot tub, or take advantage of the detached storage/workshop with alley access and additional parking. Ideal for RVs, boats, or extra vehicles. Covered parking is available in both the front and back, with direct access from the alley.Located just minutes from downtowns shopping, dining, and entertainment, as well as universities, hospitals, and major employers. Easy access to highways and public transportation makes commuting a breeze. Come take a look today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096