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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 8 Lennox Ln NE, Salem, OR, 97303 at $630,000 posts ROI 19.54% with from $3,714/mo rent. Total monthly income equals $3,714/mo. Return on cash invested measures 19.54% and rental yield reads 7.07% at the current $630,000. Equity gained on principal adds $4,065/yr, and 5% annual appreciation supports $174,057 by year five. Five-year ROI prints 100.65% and total cumulative return in cash totals $208,618. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,714/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
6,972 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: ILYA MAKARENKO • Homesmart Realty Group
Mls Name: WVMLS
Mls ID: #832986
