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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 661 Chemawa Rd NE, Salem, OR, 97303 uses $155,805 cash to close to unlock $10,529/yr annual cash flow and $877/mo monthly cash flow. Total monthly income runs $3,714/mo, and a $2,300/mo payment keeps the spread at $877/mo. Purchase price stands at $470,000, and rental yield measures 9.48% with $3,714/mo rent. Return on cash invested shows 26.67% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash records $216,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,714/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Sold | $470,000 |
| 2025-06-18 | Contingent | $465,000 |
| 2025-06-11 | Listed for sale | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: CRAIG EVANS • Crown Real Estate Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #829627
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.
