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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 716 Lancaster Dr SE, Salem, OR, 97317 priced at $225,000 converts $1,998/mo rent into $640/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,998/mo, and annual cash flow totals $7,681/yr on $74,588 invested. Return on cash invested prints 30.21% in year one, and rental yield reads 10.66% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 157.92% and total cumulative return in cash sums $117,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,998/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1946
9,583 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $225,000 |
| 1985-09-24 | Sold | $30,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $1786.03 | N/A | $90,670 | N/A |
| 2022-04-01 | N/A | N/A | $90,670 | 3.00% |
| 2021-04-01 | $1543.17 | 6.26% | $88,030 | 6.07% |
Listed by: WENDY EBSTER • Call It Closed International Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #827003
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.
