698 Meadowlawn Dr SESalemOR97317
Nearby investment properties with comparable rents
- 3 Bed
- 3 Bath
- 1300 sft
- 3 Bed
- 3 Bath
- 1300 sft
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
Rental property for sale in Salem at 698 Meadowlawn Dr SE, Salem, OR, 97317 offers $3,191/mo rent that, after a $1,957/mo payment, leaves $777/mo cash flow. Total monthly income is $3,191/mo, and annual cash flow is $9,329/yr on $132,567 cash. Return on cash invested measures 26.95% in year one, and rental yield stands at 9.58% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 140.39% and total cumulative return in cash reaches $186,116. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,191/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
10,019 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
- 3 Bed
- 3 Bath
- 1300 sft
- 3 Bed
- 3 Bath
- 1300 sft
Nearby investment properties with comparable prices
Listed by: DANIEL CHIN • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #820686
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.