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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 975 Connecticut Ave SE, Salem, OR, 97317 offers $2,401/mo rent that, after a $1,810/mo payment, leaves $169/mo cash flow. Total monthly income is $2,401/mo, and annual cash flow is $2,024/yr on $122,622 cash. Return on cash invested measures 21.56% in year one, and rental yield stands at 7.79% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 111.49% and total cumulative return in cash reaches $136,714. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,401/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $2067.29 | 2.82% | $145,130 | N/A |
| 2022-04-02 | $2010.62 | 0.94% | $145,130 | 2.99% |
| 2021-04-02 | $1991.92 | 6.45% | $140,910 | 27.16% |
Listed by: GLADYS BLUM • Blum Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #827087
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.
