1624 Manzanita St NE, Keizer, OR, 97303 | $163/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Keizer at 1624 Manzanita St NE, Keizer, OR, 97303 generates $2,874/mo in rent and, after a $2,198/mo payment, leaves $163/mo in cash flow. Total monthly income is $2,874/mo, and annual cash flow is $1,961/yr on $148,844 invested. Return on cash invested sits at 21.23% in year one, and rental yield is 7.68% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 109.72% and total cumulative return in cash sums $163,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,874/mo property income rather than buyer’s personal income.

Single Family

Built in 1967

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Wonderful single story home in desirable Keizer neighborhood. This well cared for home is close to Keizer Sation and I-5 access. 3 bedroom, 2 full baths. Large living room. Family room features vaulted ceilings, gas fireplace and slider that opens to covered patio. Kitchen features island and tons of storage. Beautifully landscaped with fenced back yard, sprinkler system and shed. New roof in 2023.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97303, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,236 (100%)
Owner Occupied HU	9,734 (60.0%)
Renter Occupied HU	5,949 (36.6%)
Vacant Housing Units	553 ( 3.4%)
Median Home Value	$462,729
Average Home Value	$497,204