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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 7029 Fir Grove Ln N, Keizer, OR, 97303 priced at $1,190,000 converts $3,324/mo rent into after a $5,824/mo obligation. Total monthly income equals $3,324/mo. Return on cash invested prints 8.36% in year one, and rental yield reads 3.35% against a $1,190,000 entry. Equity gained on principal adds $7,679/yr, while 5% annual appreciation compiles into $328,775 by year five. Five-year ROI reaches 40.61% and total cumulative return in cash sums $156,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,324/mo property income covering a $5,824/mo payment, not borrower’s personal income.
Single Family
Built in 1981
4.32 Acres 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 |
|---|---|---|
| 2024-10-04 | Price change | $1,190,000 |
| 2024-08-30 | Price change | $1,195,000 |
| 2024-08-04 | Listed for sale | $1,200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $49.61 | 2.84% | $266,460 | N/A |
| 2022-10-18 | $48.24 | 3.32% | N/A | N/A |
| 2021-10-18 | $46.69 | 2.35% | $3,410 | -98.75% |
Listed by: BOB SHACKELFORD • Homesmart Realty Group - Keizer
Mls Name: WVMLS
Mls Provider:
Mls ID: #816155
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.
