995 Fairview Ave SE, Salem, OR, 97302 | $1,751/mo Cash Flow

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995 Fairview Ave SE, Salem, OR, 97302 | $1,751/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 995 Fairview Ave SE, Salem, OR, 97302 listed at $465,000 pairs $4,558/mo rent with a $2,276/mo payment to leave $1,751/mo cash flow. Total monthly income runs $4,558/mo, and annual cash flow reaches $21,013/yr on $154,148 cash to close. Return on cash invested measures 33.54% in year one, and rental yield registers 11.76% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 175.77% and total cumulative return in cash totals $270,947. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,558/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1938

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Better than brand new remodeled home all the way to the studs! This large home features 4 large bedrooms and 3 full bathrooms. Perfect set up for dual living or just space to spread out. All new electric, plumbing, bathrooms, kitchens, roof, paint and more all within the year! Two bedrooms on each level and multiple living spaces, bonus pantry room. Cute cottage style curb appeal! Drive to be paved before closing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,440 (100%)
Owner Occupied HU	10,373 (56.3%)
Renter Occupied HU	7,247 (39.3%)
Vacant Housing Units	820 ( 4.4%)
Median Home Value	$492,171
Average Home Value	$541,750