4031 Spooner Ct S, Salem, OR, 97302 | 5.89% Rental Yield

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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

Total monthly income runs $3,389/mo, and a $3,377/mo payment. Purchase price stands at $689,900, and rental yield measures 5.89% with $3,389/mo rent. Return on cash invested shows 15.96% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 81.43% and total cumulative return in cash records $184,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,389/mo property income covering a $3,377/mo payment rather than investor’s personal income.

Single Family

Built in 2015

6,000 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 97302, Salem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,440 (100%)
Owner Occupied HU	10,373 (56.3%)
Renter Occupied HU	7,247 (39.3%)
Vacant Housing Units	820 ( 4.4%)
Median Home Value	$492,171
Average Home Value	$541,750