728 Wilbur St SE, Salem, OR, 97302 | 6.44% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

728 Wilbur St SE, Salem, OR, 97302 | 6.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2948 sft

674 Stearman St, Independence, OR, 97351

4 Bed
2 Bath
2222 sft

1635 Talbot Rd S, Jefferson, OR, 97352

3 Bed
3 Bath
1550 sft

1225 Cunningham Ln S, Salem, OR, 97302

3 Bed
2 Bath
2170 sft

378 Walnut Dr S, Monmouth, OR, 97361

Nearby investment properties with comparable prices

5 Bed
3 Bath
2166 sft

5839 Tuscan Lp NE, Albany, OR, 97321

3 Bed
2 Bath
2038 sft

6351 Ramble St NE, Albany, OR, 97321

3 Bed
3 Bath
2000 sft

4565 Croisan Scenic Way S, Salem, OR, 97302

3 Bed
2 Bath
2038 sft

6351 NE Ramble St, Albany, OR, 97321

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Salem at 728 Wilbur St SE, Salem, OR, 97302 priced at $635,000 converts $3,409/mo rent into after a $3,108/mo obligation. Total monthly income equals $3,409/mo. Return on cash invested prints 17.63% in year one, and rental yield reads 6.44% against a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation compiles into $175,439 by year five. Five-year ROI reaches 90.38% and total cumulative return in cash sums $188,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,409/mo property income covering a $3,108/mo payment, not borrower’s personal income.

Single Family

Built in 1932

6,510 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless charm with this beautifully preserved 1930s Folk Victorian, ideally located just one block from Bush Park in the desirable Pleasant Home historic district. Rich in character, the light-filled great room features high ceilings and refinished wood floors. The updated kitchen shines with slab countertops, subway tile, and stainless steel appliances. The main level offers two bedrooms and a full bath. Recent upgrades include a new roof, insulation, interior/exterior paint, and more. Enjoy established landscaping with raised garden beds, berry bushes, and roses. The unfinished basement with a half bath provides generous storage and both interior and exterior access. Once home to a young Senator Mark Hatfield, this rare gem blends historic significance with everyday comfort. All just minutes to Willamette University, Salem Health, and vibrant Downtown Salem!

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