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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 977 Reagan Ave NW, Salem, OR, 97304 at $619,900 posts ROI 21.59% with $260/mo cash flow from $4,055/mo rent. Total monthly income equals $4,055/mo, and annual cash flow records $3,126/yr on $203,947 to close. Return on cash invested measures 21.59% and rental yield reads 7.85% at the current $619,900. Equity gained on principal adds $4,000/yr, and 5% annual appreciation supports $171,267 by year five. Five-year ROI prints 111.76% and total cumulative return in cash totals $227,924.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,055/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
6,756 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| 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 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $619,900 |
| 2024-11-18 | Listing removed | $634,900 |
| 2024-10-24 | Price change | $634,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $6498.45 | 3.31% | $344,800 | 3.00% |
| 2022-03-17 | $6290.37 | 2.94% | $334,760 | 3.00% |
| 2021-03-17 | $6110.76 | 3.06% | $325,010 | 3.00% |
Listed by: ILYA MAKARENKO • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #826479
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.
