842 Kingwood Dr NWSalemOR97304
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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 Salem at 842 Kingwood Dr NW, Salem, OR, 97304 priced at $583,500 pairs $4,006/mo rent with $484/mo cash flow after a $2,856/mo payment. Total monthly income equals $4,006/mo, and annual cash flow comes to $5,806/yr on $191,972 invested. Return on cash invested is 23.08% in year one, and rental yield stands at 8.24% on a $583,500 basis. Equity gained on principal adds $3,765/yr, and 5% annual appreciation accumulates to $161,210 by year five. Five-year ROI measures 119.63% and total cumulative return in cash reaches $229,659. For financing, Ziffy Mortgage’s DSCR program evaluates $4,006/mo property income against a $2,856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
9,582 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
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