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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 996 Arthur Way NW, Salem, OR, 97304 listed at $569,000 pairs $1,804/mo rent with a $2,785/mo payment. Total monthly income runs $1,804/mo. Return on cash invested measures 9.61% in year one, and rental yield registers 3.8% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 47.37% and total cumulative return in cash totals $88,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,804/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1963
6,534 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 |
|---|---|---|
| 2024-10-14 | Price change | $569,000 |
| 2024-07-31 | Listed for sale | $575,000 |
| 2022-08-31 | Sold | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2577.70 | 3.31% | $136,770 | 3.00% |
| 2022-10-18 | $2495.22 | 2.93% | $132,790 | 2.99% |
| 2021-10-18 | $2424.09 | 3.06% | $128,930 | 3.00% |
Listed by: GREG MESSICK • Realtynet
Mls Name: WVMLS
Mls Provider:
Mls ID: #822427
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.
