4998 Wind Stone Way NE #32, Salem, OR, 97301 | $264/mo Cash Flow

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4998 Wind Stone Way NE #32, Salem, OR, 97301 | $264/mo Cash Flow | Ziffy

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

Investment property for sale in Salem at 4998 Wind Stone Way NE #32, Salem, OR, 97301 uses $49,692 cash to close to unlock $3,166/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,169/mo, and a $734/mo payment keeps the spread at $264/mo. Purchase price stands at $149,900, and rental yield measures 9.36% with $1,169/mo rent. Return on cash invested shows 26.28% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 136.8% and total cumulative return in cash records $67,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,169/mo property income covering a $734/mo payment rather than investor’s personal income.

Manufactured

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Just updated! Feels like a neighborhood, not a park. New roof, LVP floors, int/ext paint, hall bath/tub surround and more! Large primary en suite w/ sitting room & walk-in closet. Vinyl windows throughout w/ mini splits in primary bdrm and main living area + forced air furnace w/ heat pump. Comfy! 4th room could be den/office, playroom, media room - many options! ADA amenities too - entry ramp from driveway & primary bathroom shower. Close to Lancaster Drive, Cordon Rd and I-5. This is a very nice home! Park space rent is $1,000. Secured parking available for RV, boat or trailer.

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