2200 Lancaster Dr Unit 5D · Salem, OR 97317

$89,950

2 bd · 2.0 ba · 864 sqft · Other public records · 108 Days on market

Built 2021 Good condition $104/sqft · 29% above area Est $85k · 5% over ↓ 33% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.1/15.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Rent growth +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

Key facts

• Hot tub
• Indoor swimming pool
• Tennis courts

Tags

• INDOOR SWIMMING POOL
• HOT TUB
• GYM
• LIBRARY
• GAME ROOM
• TENNIS COURTS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $90k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $600 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 2.9% in Salem — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#59 in OR, #2,084 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Salem-Keizer SD 24J (urban): math 34% / reading 47% proficiency, ranked #103 of 183 in OR (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 133 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,591 units permitted in Marion County in 2024 (716 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $9k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $81,854 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.67% ✓
• Cap rate: 14.30%
• Cash-on-cash: 28.61%
• DSCR: 2.27
• GRM: 5.0

CMA / ARV

• ARV (median comp): $85,335
• List price: $89,950
• Delta: 5.41%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.62% rent growth · sell at horizon

5-year hold

• IRR: 22.5%
• Equity multiple: 1.92×
• Total profit: $23,099
• Equity at exit: $13,412

10-year hold

• IRR: 30.2%
• Equity multiple: 3.66×
• Total profit: $67,034
• Equity at exit: $7,777

Cash invested: $25,186 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97317

• Rents YoY: 2.6%
• Active inventory: 133
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,500 high
• Mortgage (P&I): −$472
• Tax from tax record: −$75 /mo · $902/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $600

Break-even live

Break-even rent $740

Max offer price $89,950

Occupancy floor 55%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,488
• Closing costs: $2,698
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4243 Campbell Dr SE Unit 4243 Salem, OR	3.0	1.0	936	$1,550	$1.66	13d	1	0.30mi
2728 Lancaster Dr SE Unit 2728-14 Salem, OR	2.0	1.5	1000	$1,195	$1.20	43d	1	0.30mi
4435 Campbell Dr SE Salem, OR	2.0	1.0	807	$1,445	$1.79	23d	1	0.40mi
4665 Campbell Dr SE Salem, OR	1.0–3.0	1.0–2.0	923	$1,699	$1.84	13d	1	0.58mi
1029 Raffon Ct SE Unit AR7171-3 Salem, OR	2.0	1.5	927	$1,700	$1.83	23d	1	0.84mi
1569 Whitaker Dr SE Salem, OR	1.0–3.0	1.0–2.0	933	$1,799	$1.93	13d	1	0.90mi
4976 Turquoise Ave SE Salem, OR	2.0	2.0	918	$1,495	$1.63	13d	5	0.95mi
4807 Chinook Ct SE Salem, OR	3.0	1.5	1104	$2,200	$1.99	13d	1	1.08mi
3897 Meadowlawn Loop SE Salem, OR	1.0–3.0	1.0–2.0	962	$1,619	$1.68	13d	26	1.10mi
3828 Bayonne Dr SE Salem, OR	2.0	1.0	980	$1,299	$1.33	13d	1	1.12mi
3822 Bayonne Dr SE Salem, OR	2.0	1.0	980	$1,299	$1.33	23d	1	1.12mi
5192 Caplinger Rd SE Salem, OR	1.0–3.0	1.0–2.0	927	$1,554	$1.67	13d	25	1.25mi
4433 Mahrt Ave SE Unit 4433-205 Salem, OR	1.0	1.0	688	$1,225	$1.78	43d	1	1.34mi
4433 Mahrt Ave SE Unit 4435-201 Salem, OR	2.0	2.0	888	$1,525	$1.72	23d	1	1.34mi
4433 Mahrt Ave SE Unit 4437-206 Salem, OR	2.0	2.0	932	$1,525	$1.64	43d	1	1.34mi
178 Lancaster Dr SE Salem, OR	2.0	2.0	952	$1,495	$1.57	13d	1	1.41mi
4242 State St Salem, OR	1.0	1.0	684	$1,325	$1.94	23d	1	1.42mi
4166 State St Salem, OR	2.0	1.0	788	$1,350	$1.71	13d	1	1.44mi
143 Connecticut Ave SE Unit 143 Salem, OR	1.0	1.0	705	$950	$1.35	13d	1	1.45mi
124 Stafford Ln NE Unit 124-203 Salem, OR	3.0	2.0	1052	$1,595	$1.52	43d	1	1.49mi

Listing history 28 events

1. 2026-06-18
   days on market $89,950 Active 108 DOM
2. 2026-06-17
   days on market $89,950 Active 107 DOM
3. 2026-06-16
   days on market $89,950 Active 106 DOM
4. 2026-06-15
   days on market $89,950 Active 105 DOM
5. 2026-06-14
   days on market $89,950 Active 103 DOM
6. 2026-06-10
   days on market $89,950 Active 100 DOM
7. 2026-06-09
   days on market $89,950 Active 99 DOM
8. 2026-06-08
   days on market $89,950 Active 98 DOM
9. 2026-06-07
   days on market $89,950 Active 97 DOM
10. 2026-06-03
    days on market $89,950 Active 93 DOM
11. 2026-06-02
    days on market $89,950 Active 92 DOM
12. 2026-06-01
    days on market $89,950 Active 91 DOM
13. 2026-05-31
    days on market $89,950 Active 90 DOM
14. 2026-05-30
    days on market $89,950 Active 89 DOM
15. 2026-05-15
    status Active 1276-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

16. 2026-05-15
    status Active 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

17. 2026-05-08
    status Pending 1275-char remark

    Show marketing remark (1276 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

18. 2026-05-08
    status Pending 1276-char remark

    Show marketing remark (1276 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

19. 2026-04-07
    price $89,950 1275-char remark

    Show marketing remark (1276 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

20. 2026-04-07
    price $89,950 1276-char remark

    Show marketing remark (1276 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

21. 2026-02-24
    price $99,000 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

22. 2026-02-24
    status Active 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

23. 2026-02-23
    listed $99,000 Active 1276-char remark

    Show marketing remark (1276 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

24. 2025-11-21
    historical 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

25. 2025-09-18
    price $89,950 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

26. 2025-08-01
    price $99,900 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

27. 2025-07-15
    price $119,900 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

28. 2025-06-20
    listed $135,000 Active 1275-char remark

    Show marketing remark (1275 chars)

    In park Manufactured home located in gated community of Sundial Mobile Home Park, just off Highway 22 in South East Salem. This park offers a spacious community facility; indoor swimming pool with hot tub; Gym, Library, game room with pool tables and a fireplace; tennis courts and more. This home was built in 2021, there are 2 parking spaces with overflow parking very nearby. It has a full across the front cozy covered front porch patio for casual, comfortable viewing of the neighborhood. The decor is up to date with upgraded finishes including faux granite countertops, spacious, tall kitchen cabinets, stainless steel appliances and LVP flooring and a spacious pantry. The living room and bedrooms are carpeted with plush carpeting. The home is heated and cooled with a heat pump unit with integrated, economical heating and cooling. The laundry has room for washer and dryer where the furnace is located in its own enclosed area. Hot water tank is in its own enclosed area. The master suite contains a walk-in closet, a full bathroom with glass door enclosed walk-in shower. The second bedroom is across the hall from the full second bath which has a tub and shower. Please contact the agent for showings and instructions. See private remarks for more information.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OR · Resets to sale price

• Current annual tax: $902 · $75/mo
• Projected year-2 tax: $902 · $75/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $17,998
• − Mortgage interest: −$5,039
• − Property taxes: −$902
• − Insurance: −$450
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$2,617
• Taxable income: $6,111
• Est. tax owed @ 24.0%: −$1,467
• After-tax cash flow: $5,739/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This manufactured home is in good condition with recent upgrades and a well-maintained exterior. It offers a good return on investment with minor updates that can significantly increase its value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics
• Both New countertops in kitchen — Enhances functionality and aesthetics
• Both New appliances in kitchen — Enhances functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics ↑
• Both New countertops in kitchen — Enhances functionality and aesthetics ↑
• Both New appliances in kitchen — Enhances functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Salem-Keizer SD 24J
• NCES district ID: 4110820
• Math proficiency: 34% ▼ -1.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $48,632
• Composite: 37.16/100
• National rank: #9017
• State rank: #103 of 183 in OR

Livability — Salem

• Score: 79/100
• State rank: #59
• US rank: #2084

Category grades

Amenities A+ Commute A+ Cost of living B- Crime F Employment C+ Housing A+ Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Salem, OR
• County: Marion County · 258,219 people
• City population: 193,601
• Metro: Salem, OR
• Population (ZIP): 25,966
• Household income: $84,393
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 395.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 360,940 people
• By 2030: 375,178 · +3.9%
• By 2040: 400,914 · +11.1%
• By 2050: 422,187 · +17.0%
• By 2075: 460,305 · +27.5%
• By 2100: 464,025 · +28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 28% Two or more races 17% Asian 2% Pacific Islander 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Portuguese 4% Italian 2% Lithuanian 2%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 74% English-only · Spanish 22% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Marion

• 2024 margin: Toss-up / Even · D 47.5% · R 49.5% · Other 3.0%
• 2008→2024 swing: -4.2pp toward R · 2008: 2.2pp · 2024: -2.0pp
• All cycles: 2024: R+2.0 2020: D+1.1 2016: R+5.0 2012: R+3.5 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -471.73%
• Current HPI: 307.3264
• Rent YoY: ▲ 2.62%
• Metro: Salem, OR
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

-33.4% since first listed

14 events — show timeline

• 2026-05-15 Relisted — RMLS
• 2026-05-15 Relisted — WVMLS
• 2026-05-08 Pending — WVMLS
• 2026-05-08 Pending — RMLS
• 2026-04-07 Price Changed $89,950 WVMLS
• 2026-04-07 Price Changed $89,950 RMLS
• 2026-02-24 Price Changed $99,000 WVMLS
• 2026-02-24 Relisted — WVMLS
• 2026-02-23 Listed $99,000 RMLS
• 2025-11-21 Listing Removed — WVMLS
• 2025-09-18 Price Changed $89,950 WVMLS
• 2025-08-01 Price Changed $99,900 WVMLS
• 2025-07-15 Price Changed $119,900 WVMLS
• 2025-06-20 Listed $135,000 WVMLS

Property tax history

+6.0%/yr

Latest (2025): $902 · +7.7% YoY. Source: county tax records.