997 20th St SE, Salem, OR, 97301 | $122/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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997 20th St SE, Salem, OR, 97301 | $122/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 997 20th St SE, Salem, OR, 97301 uses $140,888 cash to close to unlock $1,461/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $2,687/mo, and a $2,080/mo payment keeps the spread at $122/mo. Purchase price stands at $425,000, and rental yield measures 7.59% with $2,687/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 108.19% and total cumulative return in cash records $152,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,687/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Single Family

Built in 1982

3,484 sqft lot

$N/A/sqft

No HOA

More details about the property

Versatile property! Dual living? Cabin style home in town!Creek frontage w/ lrg wrap around deck makes you feel like youre in the woods. Tongue and groove ceilings with tile and slate floors feels like a private oasis while sitting on the deck listening to the water. Main living has Master Suite with bath and bedroom. Lower level has a small studio apartment with own entrance/yard area and its own hot water heater. Oversized 2car garage&room for RV! New roof and gutters. Studio rented for $1200/ month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97301, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,878 (100%)
Owner Occupied HU	9,197 (44.1%)
Renter Occupied HU	10,642 (51.0%)
Vacant Housing Units	1,039 ( 5.0%)
Median Home Value	$368,479
Average Home Value	$403,096