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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Keizer at 575 Marino Dr N, Keizer, OR, 97303 generates $2,896/mo in rent and, after a $1,953/mo payment, leaves $487/mo in cash flow. Total monthly income is $2,896/mo, and annual cash flow is $5,850/yr on $132,269 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 8.71% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 126.36% and total cumulative return in cash sums $167,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97303, Salem, OR area.
| 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 |
Residential
16,041
Single Family
15,026
Multi-Family
1,015
Businesses
922
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Pending sale | $399,000 |
| 2024-09-27 | Listed for sale | $399,000 |
| 2024-09-25 | Pending sale | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2844.34 | 2.95% | $163,570 | N/A |
| 2022-10-18 | $2762.81 | 3.25% | $163,570 | 3.00% |
| 2021-10-18 | $2675.81 | 2.67% | $158,810 | 6.09% |
Listed by: SUSAN HOBBEL • Re/Max Equity Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #820378
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.
