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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 941 Waikiki St SE, Salem, OR, 97317 offers a 7.5% rental yield on a $344,900 purchase with $2,155/mo rent. Total monthly income registers $2,155/mo, and a $1,688/mo payment leaves $43/mo available for distribution. Annual cash flow reaches $519/yr on $114,334 to close, and return on cash invested stands at 20.36% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 105.2% and total cumulative return in cash at $120,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,155/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
3,776 sqft lot
$N/A/sqft
$30 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $344,900 |
| 2025-01-31 | Sold | $212,700 |
| 2025-01-14 | Listed for sale | $266,484 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $2601.74 | 2.88% | $128,700 | N/A |
| 2022-04-03 | $2528.94 | 2.94% | $128,700 | 2.99% |
| 2021-04-03 | $2456.83 | 3.00% | $124,960 | 6.08% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
