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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 8335 Wheatland Rd N, Salem, OR, 97303 generates $3,431/mo in rent, after a $3,372/mo payment. Total monthly income is $3,431/mo. Return on cash invested sits at 16.21% in year one, and rental yield is 5.98% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 82.77% and total cumulative return in cash sums $187,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,431/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
1.06 Acres 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 |
|---|---|---|
| 2025-03-03 | Listed for sale | $689,000 |
| 2024-05-28 | Listing removed | $375,000 |
| 2021-05-28 | Sold | $431,177 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $3863.35 | 3.01% | $264,960 | N/A |
| 2022-03-04 | $3750.49 | 0.93% | $264,960 | 3.00% |
| 2021-03-04 | $3716.10 | 7.34% | $257,250 | 6.09% |
Listed by: KATHERINE GUERNSEY • Smi Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #825511
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.
