645 E St NESalemOR97301
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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
Investment Highlights
Investment property for sale in Salem at 645 E St NE, Salem, OR, 97301 at $495,000 posts ROI 10.25% with from $1,667/mo rent. Total monthly income equals $1,667/mo. Return on cash invested measures 10.25% and rental yield reads 4.04% at the current $495,000. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 by year five. Five-year ROI prints 50.82% and total cumulative return in cash totals $83,398. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,667/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1940
6,500 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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Listed by: KENNETH MARSHALL • Vintage Realty Northwest
Mls Name: WVMLS
Mls Provider:
Mls ID: #828160
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.