3232 Sandal Ct NESalemOR97305
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 3232 Sandal Ct NE, Salem, OR, 97305 in Salem. At $237,500 it earns $1,760/mo in rent and distributes $267/mo to the owner after the $1,068/mo payment, a consistent 8.89% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $65,617 in value; $2,187/yr in principal paydown compounds ownership stake. Total projected return: $107,305.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.8% |
| Monthly Cash Flow | $267 | $420 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,760 |
| Total Monthly Debt Service | $1,399 |
| DSCR Ratio | 1.26x |
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 1977
5,227 sqft lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
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 1977
5,227 sqft lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97305, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,206 (100%) |
| Owner Occupied HU | 8,699 (53.7%) |
| Renter Occupied HU | 7,030 (43.4%) |
| Vacant Housing Units | 477 ( 2.9%) |
| Median Home Value | $391,262 |
| Average Home Value | $416,883 |
Housing Distribution
Address Breakdown
Residential
15,796
Single Family
14,699
Multi-Family
1,097
Businesses
798
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRYSTAL QIAN HU • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #828349
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.