3062 Wiltsey St SESalemOR97317
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3062 Wiltsey St SE, Salem, OR, 97317 in Salem fits: $675,000, 5.82% gross yield, and a projected 5% annual appreciation rate adding $186,490 in value within five years. Rental yield 5.82%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.08) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $6,217/yr in principal paydown and $186,490 in appreciation project a total return of $203,772.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.8% |
| Monthly Cash Flow | $(798) | $420 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,270 |
| Total Monthly Debt Service | $3,806 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1930
0.91 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1930
0.91 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: QUINN BURKE • Kithkin Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #827559
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.