👑 Sub To Cash Flow Opportunity in Salem $30K Down 👑
Down Payment: $30,000
5433 36th Ave SE, Salem, OR 97317
4 beds | 3 baths | 2,274 sqft
4 beds, 3 baths on a 0.45-acre lot, built in 1949
Gas fireplace, newer windows, and ceiling fans throughout the home
Layout is highly to convertible to Duplex, with two separate entrances and living spaces (add kitchen and wall and you got two separate living spaces)
Attached 2-car garage plus driveway space that can accommodate an RV
Septic with plastic lid (not concrete) and private well
Sold in 2022 for $460,000; current sale price with mortgage is approximately $427,000 (including downpayment)
Roof replacement is needed; current lack of replacement has driven up insurance costs exceptionally high at approximately $8,000/year currently
After roof replacement, anticipated insurance cost drops to approximately $1,500/year
New buyer can swap to lower insurance, and unlock a strong cash flow opportunity
Property currently has mortgage insurance, but it can likely be removed as it has hit the 20% equity mark
Once mortgage insurance and property insurance are adjusted, anticipated cash flow is around $300 per month, with a monthly principal pay down of $715
Mortgage information:
Mortgage balance: $407,203.51
Interest rate: 4.125%
Principal pay down: $717.70
Monthly payment: $3,137.50
Down payment: $30,000
Public Walkthrough: 8/13 10 AM
Closing date: 8/29/2025 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
