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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% |
Investment property for sale in Salem at 773 Boone Rd SE, Salem, OR, 97306 earns $352/mo cash flow from $1,916/mo rent with a $1,268/mo payment. Total monthly income totals $1,916/mo, and annual cash flow totals $4,228/yr on $85,859 capital. ROI tracks 24.83% on current figures, and rental yield reads 8.88% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 129.08% and total cumulative return in cash sums $110,824. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,916/mo property income instead of your personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Date | Event | Price |
|---|---|---|
| 2024-07-11 | Listed for sale | $259,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: BOB REYNOLDS • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #819082
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.
