4987 Wind Spring Way NE #28SalemOR97301
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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
Investment Highlights
Investment property for sale in Salem at 4987 Wind Spring Way NE #28, Salem, OR, 97301 uses $44,753 cash to close to unlock $3,070/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,071/mo, and a $661/mo payment keeps the spread at $256/mo. Purchase price stands at $135,000, and rental yield measures 9.52% with $1,071/mo rent. Return on cash invested shows 26.77% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash records $62,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,071/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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