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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% |
Total monthly income runs $2,962/mo, and a $2,423/mo payment. Purchase price stands at $495,000, and rental yield measures 7.18% with $2,962/mo rent. Return on cash invested shows 19.72% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 101.61% and total cumulative return in cash records $166,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,962/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,969 sqft 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 |
|---|---|---|
| 2025-07-18 | Sold | $495,000 |
| 2025-06-16 | Contingent | $495,000 |
| 2025-06-05 | Listed for sale | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $4424.11 | 5.00% | $251,750 | 6.08% |
| 2023-10-14 | $4213.55 | 2.97% | $237,310 | N/A |
| 2022-10-14 | $4092.10 | 1.25% | $237,310 | 3.00% |
Listed by: CHANDRA REYNOLDS • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #829831
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.
