745 23rd St SESalemOR97301
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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 745 23rd St SE, Salem, OR, 97301 generates $2,369/mo in rent and, after a $1,713/mo payment, leaves $256/mo in cash flow. Total monthly income is $2,369/mo, and annual cash flow is $3,077/yr on $116,025 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 8.12% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 116.88% and total cumulative return in cash sums $135,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,369/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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