1074 Rodan Ave SESalemOR97306
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 1074 Rodan Ave SE, Salem, OR, 97306 in Salem at $379,500 earns $2,375/mo in rent and nets $84/mo after the $1,706/mo payment, a 7.51% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $104,849 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $3,495/yr in principal paydown, total projected return reaches $149,098.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.8% |
| Monthly Cash Flow | $84 | $420 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,375 |
| Total Monthly Debt Service | $2,140 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1996
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1996
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97306, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,384 (100%) |
| Owner Occupied HU | 8,940 (66.8%) |
| Renter Occupied HU | 3,980 (29.7%) |
| Vacant Housing Units | 464 ( 3.5%) |
| Median Home Value | $505,414 |
| Average Home Value | $554,238 |
Housing Distribution
Address Breakdown
Residential
13,956
Single Family
13,531
Multi-Family
425
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices