For SaleRisky Deal8 days on market
786 Hoffman Rd NE
786 Hoffman Rd NE, Salem, OR 97301, Salem, OR 97301
$120,000
Listing Price
786 Hoffman Rd NE, Salem, OR 97301
Loc: Salem, OR
Days Listed
8
Tax Assessed
$44k
Type
manufactured
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
2
Auburn Elementary School
K-5
0.6 mi away
1
Houck Middle School
6-8
1.8 mi away
4
North Salem High School
9-12
3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Residential, Manufactured Home1993Forced AirCentral Air, Heat Pump2 Garage spaces8 Days$78
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.03%
Total ROI
90.0%
Cash Flow
$-19/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-19/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Salem
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-17 | Listed for sale | $120,000 | $78 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2018 | $806.36 | $0 |
| 2017 | $679.79 | $0 |
| 2016 | $577.8 | $0 |
| 2015 | $624.25 | $0 |
| 2014 | $483.28 | $0 |
| 2013 | $476.08 | $0 |
| 2012 | $476.08 | $0 |
| 2011 | $497.27 | $27,570 |
| 2009 | $697.37 | $38,430 |
| 2008 | $701.91 | $38,000 |
Similar Properties Nearby
Explore other investment opportunities in Salem.