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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 UNIT 19, Salem, OR, 97306 earns from $1,775/mo rent with a $1,297/mo payment. Total monthly income totals $1,775/mo. ROI tracks 18.55% on current figures, and rental yield reads 8.04% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 96.73% and total cumulative return in cash sums $84,975. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,775/mo property income instead of your personal income.
Single Family
Built in 1976
841 sqft lot
$N/A/sqft
$275 monthly 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $265,000 |
| 2024-04-06 | Listing removed | $159,900 |
| 2024-02-29 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-04 | $1657.30 | 2.87% | $81,990 | N/A |
| 2022-04-04 | $1611.06 | 2.93% | $81,990 | 2.99% |
| 2021-04-04 | $1565.20 | 2.99% | $79,610 | 6.08% |
Listed by: DEVIN THIELE • Sparrow Real Estate, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #827231
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.
