846 55th Ave NWSalemOR97304








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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage


Investment Highlights
Investment property for sale in Salem at 846 55th Ave NW, Salem, OR, 97304 offers a 4.38% rental yield on a $1,599,000 purchase with $5,842/mo rent. 55% in year one. Equity gained on principal adds $10,318/yr while 5% annual appreciation supports $441,774 over five years. Portfolio math shows five-year ROI at 57.69% and total cumulative return in cash at $298,885. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,842/mo property income against a $7,826/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6.90 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Listed for sale | $1,599,000 |
| 2022-04-27 | Sold | $1,478,000 |
| 2022-03-10 | Contingent | $1,496,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-03 | $9781.18 | 3.10% | $817,230 | 3.00% |
| 2022-07-03 | $9486.73 | 6.52% | $793,430 | 3.00% |
| 2021-07-03 | $8906.38 | -0.90% | $770,330 | 3.00% |
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Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2006
- Architectural Style: N/A
- Building Area: 4,516
- Living Area: 4,516 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Heat Pump, Forced Air
- Cooling: Central Air
- Flooring: Carpet, Tile
- Interior Features: Breakfast Room/Nook, Den, Office, Rec Room, Walk-in Pantry, High Speed Internet, Smart Home
- Exterior Features: White
- Parking Features: Attached, RV Access/Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Brush College
- Middle School: Straub
- High School: West Salem
Listed by: EMILY BROCK • Keller Williams Capital City
Mls Name: WVMLS
Mls Provider:
Mls ID: #830873
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.







