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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 985 Jev Ct NW, Salem, OR, 97304 with 5% annual appreciation on a $430,000 basis while $3,216/mo rent supports operations. Total monthly income totals $3,216/mo and a $2,105/mo payment preserves $620/mo for cash returns. Annual cash flow comes to $7,441/yr on $142,545 deployed, and return on cash invested reaches 25.13% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,801 alongside rental yield of 8.97%. Five-year ROI measures 130.66% and total cumulative return in cash totals $186,255.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,216/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
5,662 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: CHANDRA REYNOLDS • Homesmart Realty Group
Mls Name: WVMLS
Mls ID: #828691
