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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% |
Rental property for sale in Salem at 652 Connecticut Ave SE, Salem, OR, 97317 priced at $369,900 pairs $2,323/mo rent with $91/mo cash flow after a $1,810/mo payment. Total monthly income equals $2,323/mo, and annual cash flow comes to $1,088/yr on $122,622 invested. Return on cash invested is 20.8% in year one, and rental yield stands at 7.54% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 107.4% and total cumulative return in cash reaches $131,698. For financing, Ziffy Mortgage’s DSCR program evaluates $2,323/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
7,416 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Listed for sale | $369,900 |
| 2019-07-26 | Sold | $252,500 |
| 2019-07-03 | Pending sale | $249,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-01 | $2283.31 | 2.84% | $135,120 | N/A |
| 2022-07-01 | $2220.35 | 0.95% | $135,120 | 3.00% |
| 2021-07-01 | $2199.49 | 6.52% | $131,190 | 18.39% |
Listed by: CHRIS FORRETTE • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #830363
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.
