Owner
$257,362
6293 FAIRWAY AVE SE, SALEM, OR
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
1,120
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Living Area
Detached Garage
2 Stories
Forced Air Unit
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1979
Building Size
1,120 sq ft
Lot Size
577 sq ft
Lot Size (Acres)
0.01 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
566226
County
Marion County, Oregon
Metro Area
Salem, OR
Zoning
RM2
Neighborhood/Subdivision
BATTLECREEK MEADOWS A CONDO AMENDED PLAT
Lot Number
—
School District
Salem-Keizer School District 24J
Legal Description
BATTLECREEK MEADOWS A CONDO AMENDED PLAT BLOCK BLDG 10 LOT UNIT 57
Tax & Value Information
Market Value (Total)
$249,480
Building Value
$249,480
Land Value
$0
Annual Property Tax
$2,328
Tax Assessment Year
2024
Assessed Value
$118,590
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
5/30/2025
Recording Date
5/30/2025
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$9,959
Return on Investment
15.60%
After Repair Value
$283,098
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$231,626
Renovation Cost
$12,868
Closing Costs (buying)
$4,633
Holding Costs
$7,027
Selling Costs
$16,986
Total Investment
$63,826
After Repair Value (ARV)
$283,098
Total Costs
$273,140
Estimated Profit
$9,959
Cash Invested
$59,193
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area