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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 838 Limelight Ave NW, Salem, OR, 97304 uses $129,285 cash to close to unlock $12,473/yr annual cash flow and $1,039/mo monthly cash flow. Total monthly income runs $3,419/mo, and a $1,909/mo payment keeps the spread at $1,039/mo. Purchase price stands at $390,000, and rental yield measures 10.52% with $3,419/mo rent. Return on cash invested shows 29.56% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 154.48% and total cumulative return in cash records $199,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,419/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 2017
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $390,000 |
| 2019-09-12 | Listing removed | $314,900 |
| 2019-07-26 | Listed for sale | $314,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-24 | $4089.07 | 3.30% | $216,960 | 3.00% |
| 2022-04-24 | $3958.27 | 2.94% | $210,650 | 3.00% |
| 2021-04-24 | $3845.33 | 3.06% | $204,520 | 3.00% |
Listed by: JENNIFER N. JOHNSON • Willcuts Company Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #828066
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.
