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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 900 Fairview Ave SE, Salem, OR, 97302 priced at $449,900 pairs $3,707/mo rent with $979/mo cash flow after a $2,202/mo payment. Total monthly income equals $3,707/mo, and annual cash flow comes to $11,743/yr on $149,142 invested. Return on cash invested is 27.78% in year one, and rental yield stands at 9.89% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 144.91% and total cumulative return in cash reaches $216,118. For financing, Ziffy Mortgage’s DSCR program evaluates $3,707/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
9,747 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Sold | $449,900 |
| 2025-06-09 | Pending sale | $449,900 |
| 2025-06-09 | Contingent | $449,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $4519.04 | 3.04% | $230,160 | 6.08% |
| 2023-11-01 | $4385.83 | 2.88% | $216,960 | N/A |
| 2022-11-01 | $4263.25 | 2.94% | $216,960 | 3.00% |
Listed by: ERIC WELLARD and BRIAN BEMIS • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #828657
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.
