7967 Mykala St 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
Rental property for sale in Keizer at 7967 Mykala St NE, Keizer, OR, 97303 priced at $579,900 converts $3,802/mo rent into $302/mo cash flow after a $2,838/mo obligation. Total monthly income equals $3,802/mo, and annual cash flow totals $3,623/yr on $190,787 invested. Return on cash invested prints 21.96% in year one, and rental yield reads 7.87% against a $579,900 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation compiles into $160,216 by year five. Five-year ROI reaches 113.59% and total cumulative return in cash sums $216,721. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,802/mo property income covering a $2,838/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,792 sqft 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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Listed by: DERRICK EMMERT • White Star Realty Inc
Mls Name: WVMLS
Mls Provider:
Mls ID: #821114
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.