959 Chickadee Ct NESalemOR97301
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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
Rental property for sale in Salem at 959 Chickadee Ct NE, Salem, OR, 97301 priced at $369,500 pairs $2,491/mo rent with $260/mo cash flow after a $1,809/mo payment. Total monthly income equals $2,491/mo, and annual cash flow comes to $3,122/yr on $122,489 invested. Return on cash invested is 22.46% in year one, and rental yield stands at 8.09% on a $369,500 basis. Equity gained on principal adds $2,384/yr, and 5% annual appreciation accumulates to $102,086 by year five. Five-year ROI measures 116.33% and total cumulative return in cash reaches $142,492. For financing, Ziffy Mortgage’s DSCR program evaluates $2,491/mo property income against a $1,809/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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Listed by: BRENDA SCHAMP • Northwest Investor Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #827716
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.