652 Salem Heights Ave SSalemOR97302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 652 Salem Heights Ave S, Salem, OR, 97302 at $339,500 posts ROI 27.78% with $739/mo cash flow from $3,362/mo rent. Total monthly income equals $3,362/mo, and annual cash flow records $8,864/yr on $112,544 to close. Return on cash invested measures 27.78% and rental yield reads 11.88% at the current $339,500. Equity gained on principal adds $2,191/yr, and 5% annual appreciation supports $93,798 by year five. Five-year ROI prints 147.1% and total cumulative return in cash totals $165,557.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,362/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1970
1,350 sqft lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Housing Distribution
Address Breakdown
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TAYLOR LADEBY • Homestar Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #830788
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.