999 Cedar Way SE, Salem, OR, 97302 | 6.07% Rental Yield

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999 Cedar Way SE, Salem, OR, 97302 | 6.07% Rental Yield | 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 999 Cedar Way SE, Salem, OR, 97302 offers a 6.07% rental yield on a $539,000 purchase with $2,725/mo rent. 48% in year one. Equity gained on principal adds $3,478/yr while 5% annual appreciation supports $148,916 over five years. Portfolio math shows five-year ROI at 84.24% and total cumulative return in cash at $149,388. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,725/mo property income against a $2,638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1968

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully cared-for 3 bedroom-plus office, 2 bath home, nestled on a quiet street in desirable Southeast Salem. This home offers a spacious family room that flows seamlessly off the kitchen, creating a comfortable space for gathering and entertaining. A finished walk-up attic offers additional flex space. Step outside to your own private retreat a park-like backyard with mature fruit trees, a tranquil water feature, hot tub, and covered patio.

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