6984 8th Ct NEKeizerOR97303
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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 6984 8th Ct NE, Keizer, OR, 97303 offers a 7.74% rental yield on a $399,900 purchase with $2,581/mo rent. Total monthly income registers $2,581/mo, and a $1,957/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $707/yr on $132,567 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 105.85% and total cumulative return in cash at $140,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,581/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
6,969 sqft lot
$N/A/sqft
$1,302 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $399,900 |
| 2023-07-26 | Listing removed | N/A |
| 2023-07-20 | Listed for rent | $2,095 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-19 | $3307.77 | 2.80% | $190,100 | N/A |
| 2022-04-19 | $3217.82 | 3.21% | $190,100 | 3.00% |
| 2021-04-19 | $3117.70 | 2.70% | $184,570 | 6.08% |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1969
- Architectural Style: N/A
- Building Area: 1,524
- Living Area: 1,524 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: N/A
- Flooring: Carpet, Vinyl
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Carport
Location
HOA & Fees
- HOA Fee: $1,302 annually
- Association Fee: $1,302 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Clear Lake
- Middle School: Whiteaker
- High School: McNary
Listed by: BRIAN AND NINA WHITE • Paramount Real Estate Services
Mls Name: WVMLS
Mls Provider:
Mls ID: #827325
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.