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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% |
Rental property for sale in Salem at 823 Sandpine Loop NE, Salem, OR, 97303 offers $3,284/mo rent that, after a $2,482/mo payment, leaves $223/mo cash flow. Total monthly income is $3,284/mo, and annual cash flow is $2,678/yr on $166,803 cash. Return on cash invested measures 21.67% in year one, and rental yield stands at 7.77% at a $507,000 entry. Equity gained on principal adds $3,272/yr while 5% annual appreciation compounds into $140,075 by year five. Five-year ROI records 112.05% and total cumulative return in cash reaches $186,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,284/mo property income versus a $2,482/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6,395 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 |
|---|---|---|
| 2025-09-29 | Sold | $507,000 |
| 2025-09-05 | Pending sale | $510,000 |
| 2025-08-24 | Price change | $515,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $4632.19 | 5.00% | $263,780 | 6.08% |
| 2023-10-08 | $4411.69 | 2.97% | $248,650 | N/A |
| 2022-10-08 | $4284.43 | 1.25% | $248,650 | 3.00% |
Listed by: ANDRES MARTINEZ • More Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #829659
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.
