613 Lakefair Pl N, Keizer, OR, 97303 | 5.7% Rental Yield

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Price: $300K - 500K

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613 Lakefair Pl N, Keizer, OR, 97303 | 5.7% Rental Yield | 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

Rental property for sale in Keizer at 613 Lakefair Pl N, Keizer, OR, 97303 offers $2,994/mo rent that, after a $3,084/mo payment. Total monthly income is $2,994/mo. Return on cash invested measures 15.38% in year one, and rental yield stands at 5.7% at a $630,000 entry. Equity gained on principal adds $4,065/yr while 5% annual appreciation compounds into $174,057 by year five. Five-year ROI records 78.3% and total cumulative return in cash reaches $162,286. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,994/mo property income versus a $3,084/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2001

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Open Saturday (9/27) 11am-1pm. Stunning lakefront ranch with unobstructed views of Staats Lake! Skylights and floor to ceiling windows offer lots of natural light throughout. Vaulted living room features gas fireplace and slider to deck. Beautiful hardwood floors in living room, dining room, and office. Spacious kitchen has island, Viking stainless steel appliances, and eating bar. Primary bedroom includes fireplace, exterior doors to deck and courtyard, and bath with jetted tub and double sinks. Two additional bedrooms + office on main floor. New roof. Expansive Composite deck with glass railing is the perfect spot for entertaining. Peaceful fully fenced courtyard on side of home with lake views. Desirable neighborhood with easy access to walking path around lake.

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