5155 Nordic Ct NKeizerOR97303
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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 Keizer at 5155 Nordic Ct N, Keizer, OR, 97303 uses $51,383 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,195/mo, and a $759/mo payment keeps the spread at $259/mo. Purchase price stands at $155,000, and rental yield measures 9.25% with $1,195/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 135.18% and total cumulative return in cash records $69,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,195/mo property income covering a $759/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,236 (100%) |
| Owner Occupied HU | 9,734 (60.0%) |
| Renter Occupied HU | 5,949 (36.6%) |
| Vacant Housing Units | 553 ( 3.4%) |
| Median Home Value | $462,729 |
| Average Home Value | $497,204 |
Housing Distribution
Address Breakdown
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
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