5355 River Rd N #60 · Keizer, OR
Flood risk 5/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.24%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $498 – $926
Heat risk 3/10 · Minor
- Hot days now (above 92°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 10/10 · Severe
- Unhealthy air days now
- 13 days/yr
- Unhealthy air days in 30 yrs
- 14 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Livability +4.0/5.0
- Schools +3.7/10.0
- Rent growth +3.4/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$99,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
OPEN HOUSE SAT, MAY 9, 3PM - 5PM. .Fully updated, spacious home in 55+ park. 2 beds, 2 baths, 1344 sf. HUGE 400 sf covered deck, large 4,000 sf lot. Fully updated two years ago – new: roof, vinyl windows, flooring, all new kitchen, all new hall bath with soaking tub, lighting, interior and exterior paint, 6’ wood fence, updated furnace and heat pump. Park rent is $1,050 and includes W/S/G. Owner must be 55, other residents must be at least 45. Park must approve the buyer as a resident. Large primary bedroom features dressing area with two walk-in closets, and ensuite with step-in shower. Storage galore – formal dining area has lovely built-in hutch, and second bedroom has two full-size closets. Large family room (20’x 11’). Updated heat pump and furnace keep you cool in summer and warm in winter. Comes with 2-year-old SS stove, fridge, dishwasher, and built in microwave. Shop (20’ x 10’) and shed (10’ x 15’). Home inspection from January, 2024 available upon request. Close to park, shopping, and bus line, easy access to I-5. Park rent is $1,050 and includes water, sewer, and trash. Owner must be 55, and any other resident must be at least 45. Park must approve the buyer as a resident. Brand new washer and two year old dryer for sale for $1,500.
Key facts
- Vinyl windows
- New hall bath
- New kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath manufactured listed at $100k.
Deal economics
- At list price, monthly cash flow is $675 ($8k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $100k).
- Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
- Cap rate 14.4% vs local median 2.9% in Keizer — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 80/100 on livability (#56 in OR, #1,918 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, crime B+; Watch: schools D+, commute D+.
- Salem-Keizer SD 24J (urban): math 34% / reading 47% proficiency, ranked #103 of 183 in OR (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: Rents rising (+3.7%/yr); 173 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,591 units permitted in Marion County in 2024 (716 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Marion County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 3.7% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 119 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 22y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $85k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.64% ✓
- Cap rate
- 14.40%
- Cash-on-cash
- 28.97%
- DSCR
- 2.29
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $40,500
- List price
- $99,900
- Delta
- 146.67%
- Verdict
- OVERPRICED
- Comps
- 11 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5355 River Rd NE #101 | 0.00mi | 3/2.0 (+1) | 1,344 (0%) | 5mo | $41,000 | $31 | 91 |
| 5355 River Rd N #92 | 0.00mi | 2/2.0 | 1,250 (-7%) | 12mo | $40,000 | $32 | 78 |
| 5355 River Rd N #118 | 0.00mi | 2/2.0 | 1,464 (+9%) | 13mo | $74,000 | $51 | 74 |
| 5510 Windsor Is N #30 | 0.56mi | 2/2.0 | 1,344 (0%) | 1mo | $18,000 | $13 | 74 |
| 1055 Lockhaven Dr N #69 | 0.55mi | 2/2.0 | 1,344 (0%) | 4mo | $33,000 | $25 | 71 |
| 1055 Lockhaven Dr NE #56 | 0.55mi | 2/2.0 | 1,344 (0%) | 4mo | $40,500 | $30 | 71 |
| 1055 Lockhaven Dr N #41 | 0.55mi | 2/2.0 | 1,344 (0%) | 4mo | $55,000 | $41 | 70 |
| 1055 Lockhaven Dr | 0.56mi | 2/2.0 | 1,344 (0%) | 4mo | $40,500 | $30 | 70 |
| 1055 N Lockhaven Dr #67 | 0.55mi | 2/2.0 | 1,344 (0%) | 10mo | $59,000 | $44 | 66 |
| 5510 Windsor Island Rd N #2 | 0.56mi | 3/2.0 (+1) | 1,440 (+7%) | 8mo | $39,500 | $27 | 50 |
| 5510 Windsor Island Rd | 0.56mi | 3/2.0 (+1) | 1,440 (+7%) | 8mo | $39,500 | $27 | 50 |
| 1055 Lockhaven Dr N #104 | 0.55mi | 2/2.0 | 1,152 (-14%) | 14mo | $67,900 | $59 | 39 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.74% rent growth · sell at horizon
- IRR
- 24.1%
- Equity multiple
- 2.00×
- Total profit
- $28,028
- Equity at exit
- $14,895
- IRR
- 32.4%
- Equity multiple
- 4.03×
- Total profit
- $84,817
- Equity at exit
- $8,638
Cash invested: $27,972 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 28 Tenant-Leaning
- State Oregon
- 28 Tenant-Leaning · D+6
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 97303
- Rents YoY
- 3.7%
- Active inventory
- 173
- Price-to-rent
- 5.1×
Monthly cashflow live
- Estimated rent
- $1,636 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$51 /mo · $618/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$344
- Net cashflow
- $675
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $24,975
- Closing costs
- $2,997
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 295 Lakepoint Pl N Keizer, OR | 2.0 | 1.0 | 936 | $1,650 | $1.76 | 23d | 1 | 0.15mi |
| 205 Lakepoint Pl N Keizer, OR | 2.0 | 1.0 | 936 | $1,650 | $1.76 | 13d | 1 | 0.21mi |
| 208 Lakepoint Pl N Keizer, OR | 2.0 | 1.0 | 936 | $1,650 | $1.76 | 1d | 2 | 0.21mi |
| 180 Sandy Dr N Unit 196 Keizer, OR | 2.0 | 1.0 | 875 | $1,300 | $1.49 | 23d | 1 | 0.29mi |
| 597 Rose Park Ln NE Unit 257-614 Keizer, OR | 2.0 | 1.5 | 875 | $1,300 | $1.49 | 13d | 1 | 0.31mi |
| 597 Rose Park Ln NE Unit 257-636 Keizer, OR | 2.0 | 1.5 | 875 | $1,300 | $1.49 | 43d | 1 | 0.31mi |
| 790 Lockhaven Dr NE Keizer, OR | 2.0 | 1.5 | 1050 | $2,024 | $1.93 | 10d | 11 | 0.37mi |
| 898 Lockhaven Dr NE Keizer, OR | 2.0 | 2.0 | 903 | $1,550 | $1.72 | 13d | 3 | 0.54mi |
| 5799 Trail Ave NE Unit 5819-304 Keizer, OR | 2.0 | 2.0 | 952 | $1,695 | $1.78 | 23d | 1 | 0.58mi |
| 1063 Koala St N Keizer, OR | 2.0–3.0 | 1.0–2.0 | 1065 | $1,299 | $1.22 | 4d | 3 | 0.59mi |
| 5955 Trail Ave NE Keizer, OR | 2.0 | 2.0 | 918 | $1,550 | $1.69 | 23d | 1 | 0.59mi |
| 5965 Trail Ave NE Salem, OR | 2.0 | 2.0 | 1005 | $1,500 | $1.49 | 43d | 1 | 0.61mi |
| 1102 Orchard Ct N Keizer, OR | 2.0–3.0 | 1.0 | 955 | $1,375 | $1.44 | 43d | 1 | 0.62mi |
| 5945 Trail Ave NE Keizer, OR | 2.0 | 2.0 | 1005 | $1,500 | $1.49 | 43d | 1 | 0.62mi |
| 5975 Trail Ave NE Salem, OR | 2.0 | 2.0 | 918 | $1,500 | $1.63 | 21d | 1 | 0.63mi |
| 4848 Elvira Pl N Keizer, OR | 3.0 | 2.5 | 1838 | $2,600 | $1.41 | 43d | 2 | 0.63mi |
| 5925 Trail Ave NE Keizer, OR | 2.0 | 2.0 | 918 | $1,550 | $1.69 | 7d | 1 | 0.66mi |
| 5905 Trail Ave NE Keizer, OR | 2.0 | 2.0 | 1005 | $1,500 | $1.49 | 43d | 1 | 0.68mi |
| 776 Dearborn Ave NE Keizer, OR | 3.0 | 1.0 | 1230 | $2,300 | $1.87 | 43d | 1 | 0.77mi |
| 892 Foothill Ct NE Keizer, OR | 1.0–3.0 | 1.0–2.0 | 946 | $1,575 | $1.66 | 1d | 10 | 0.89mi |
| 491 Marino Dr N Unit 495 Keizer, OR | 3.0 | 2.0 | 1285 | $2,350 | $1.83 | 13d | 1 | 1.03mi |
| 4853 Verda Ln NE Keizer, OR | 1.0–3.0 | 1.0–2.0 | 968 | $1,914 | $1.98 | 13d | 10 | 1.04mi |
| 6701 Hidden Creek Loop NE Keizer, OR | 2.0 | 2.0 | 860 | $1,600 | $1.86 | 1d | 4 | 1.04mi |
| 5188 Perry St NE Keizer, OR | 3.0 | 2.0 | 1362 | $2,550 | $1.87 | 13d | 1 | 1.07mi |
| 6800 Wheatland Rd N Keizer, OR | 2.0 | 1.5 | 986 | $1,525 | $1.55 | 16d | 1 | 1.09mi |
| 1220 Mcgee Ct NE Keizer, OR | 2.0 | 2.0 | 935 | $1,399 | $1.50 | 43d | 1 | 1.13mi |
| 1236 Mcgee Ct NE Keizer, OR | 2.0 | 2.0 | 935 | $1,399 | $1.50 | 43d | 1 | 1.18mi |
| 1144 Mcgee Ct NE Keizer, OR | 2.0 | 1.0 | 901 | $1,400 | $1.55 | 21d | 1 | 1.21mi |
| 1204 McGee Ct NE Salem, OR | 2.0 | 2.0 | 1015 | $1,450 | $1.43 | 43d | 1 | 1.21mi |
| 1154 Mcgee Ct NE Keizer, OR | 2.0 | 1.0 | 901 | $1,400 | $1.55 | 13d | 1 | 1.21mi |
| 1154 Mcgee Ct NE Keizer, OR | 2.0 | 1.0 | 901 | $1,350 | $1.50 | 23d | 1 | 1.21mi |
| 1244 Mcgee Ct NE Keizer, OR | 2.0 | 2.0 | 1015 | $1,450 | $1.43 | 23d | 1 | 1.22mi |
| 1134 Mcgee Ct NE Unit 1268-304 Keizer, OR | 2.0 | 2.0 | 1015 | $1,450 | $1.43 | 23d | 1 | 1.23mi |
| 1134 Mcgee Ct NE Unit 1154-302 Keizer, OR | 2.0 | 1.0 | 901 | $1,400 | $1.55 | 13d | 1 | 1.23mi |
| 1134 Mcgee Ct NE Unit 1154-304 Keizer, OR | 2.0 | 1.0 | 901 | $1,350 | $1.50 | 23d | 1 | 1.23mi |
| 1134 Mcgee Ct NE Unit 1244-102 Keizer, OR | 2.0 | 2.0 | 935 | $1,399 | $1.50 | 43d | 1 | 1.23mi |
| 1268 Mcgee Ct NE Keizer, OR | 2.0 | 2.0 | 1015 | $1,450 | $1.43 | 23d | 1 | 1.24mi |
| 4165 River Rd N Keizer, OR | 2.0 | 1.5 | 950 | $1,395 | $1.47 | 23d | 1 | 1.24mi |
| 1124 McGee Ct NE Salem, OR | 1.0–2.0 | 1.0–2.0 | 870 | $1,450 | $1.67 | 1d | 13 | 1.26mi |
| 1276 Mcgee Ct NE Keizer, OR | 2.0 | 2.0 | 1015 | $1,450 | $1.43 | 43d | 1 | 1.27mi |
Listing history 43 events
-
2026-06-18days on market $99,900 Active 119 DOM
-
2026-06-17days on market $99,900 Active 118 DOM
-
2026-06-16days on market $99,900 Active 117 DOM
-
2026-06-15days on market $99,900 Active 116 DOM
-
2026-06-14days on market $99,900 Active 114 DOM
-
2026-06-10days on market $99,900 Active 111 DOM
-
2026-06-09days on market $99,900 Active 110 DOM
-
2026-06-08days on market $99,900 Active 109 DOM
-
2026-06-07days on market $99,900 Active 108 DOM
-
2026-06-03days on market $99,900 Active 104 DOM
-
2026-06-02days on market $99,900 Active 103 DOM
-
2026-06-01days on market $99,900 Active 102 DOM
-
2026-05-31days on market $99,900 Active 101 DOM
-
2026-05-30days on market $99,900 Active 100 DOM
-
2026-05-06price $99,900 1318-char remark
Show marketing remark (1156 chars)
OPEN HOUSE, SAT, MAY 9, 3:00 - 5:00 PM. Fully updated, spacious home in 55+ park!2 beds, 2 baths, 1344 sf. HUGE covered deck of 400 sf, large 4,000 sf lot. Fully updated two years ago – new: roof, vinyl windows, flooring, all new kitchen, all new hall bath with soaking tub, lighting, interior and exterior paint, 6’ wood fence. Large primary bedroom features dressing area with two walk-in closets, and ensuite with step-in shower. Storage galore – formal dining area has lovely built-in hutch, and second bedroom has two full-size closets. Large family room (20’x 11’). Updated heat pump and furnace keep you cool in summer and warm in winter. Comes with 2-year-old SS stove, fridge, dishwasher, and built in microwave. Shop (20’ x 10’) and shed (10’ x 15’). Home inspection from January, 2024 available upon request. Close to park, shopping, and bus line, easy access to I-5. Park rent is $1,050 and includes water, sewer, and trash. Owner must be 55, and any other resident must be at least 45. Park must approve the buyer as a resident. Brand new washer and two year old dryer for sale for $1,500.
-
2026-05-06price $99,900 1156-char remark
Show marketing remark (1156 chars)
OPEN HOUSE, SAT, MAY 9, 3:00 - 5:00 PM. Fully updated, spacious home in 55+ park!2 beds, 2 baths, 1344 sf. HUGE covered deck of 400 sf, large 4,000 sf lot. Fully updated two years ago – new: roof, vinyl windows, flooring, all new kitchen, all new hall bath with soaking tub, lighting, interior and exterior paint, 6’ wood fence. Large primary bedroom features dressing area with two walk-in closets, and ensuite with step-in shower. Storage galore – formal dining area has lovely built-in hutch, and second bedroom has two full-size closets. Large family room (20’x 11’). Updated heat pump and furnace keep you cool in summer and warm in winter. Comes with 2-year-old SS stove, fridge, dishwasher, and built in microwave. Shop (20’ x 10’) and shed (10’ x 15’). Home inspection from January, 2024 available upon request. Close to park, shopping, and bus line, easy access to I-5. Park rent is $1,050 and includes water, sewer, and trash. Owner must be 55, and any other resident must be at least 45. Park must approve the buyer as a resident. Brand new washer and two year old dryer for sale for $1,500.
-
2026-02-19$109,900 Active 1318-char remark
Show marketing remark (1156 chars)
OPEN HOUSE, SAT, MAY 9, 3:00 - 5:00 PM. Fully updated, spacious home in 55+ park!2 beds, 2 baths, 1344 sf. HUGE covered deck of 400 sf, large 4,000 sf lot. Fully updated two years ago – new: roof, vinyl windows, flooring, all new kitchen, all new hall bath with soaking tub, lighting, interior and exterior paint, 6’ wood fence. Large primary bedroom features dressing area with two walk-in closets, and ensuite with step-in shower. Storage galore – formal dining area has lovely built-in hutch, and second bedroom has two full-size closets. Large family room (20’x 11’). Updated heat pump and furnace keep you cool in summer and warm in winter. Comes with 2-year-old SS stove, fridge, dishwasher, and built in microwave. Shop (20’ x 10’) and shed (10’ x 15’). Home inspection from January, 2024 available upon request. Close to park, shopping, and bus line, easy access to I-5. Park rent is $1,050 and includes water, sewer, and trash. Owner must be 55, and any other resident must be at least 45. Park must approve the buyer as a resident. Brand new washer and two year old dryer for sale for $1,500.
-
2026-02-19$109,900 Active 1156-char remark
Show marketing remark (1156 chars)
OPEN HOUSE, SAT, MAY 9, 3:00 - 5:00 PM. Fully updated, spacious home in 55+ park!2 beds, 2 baths, 1344 sf. HUGE covered deck of 400 sf, large 4,000 sf lot. Fully updated two years ago – new: roof, vinyl windows, flooring, all new kitchen, all new hall bath with soaking tub, lighting, interior and exterior paint, 6’ wood fence. Large primary bedroom features dressing area with two walk-in closets, and ensuite with step-in shower. Storage galore – formal dining area has lovely built-in hutch, and second bedroom has two full-size closets. Large family room (20’x 11’). Updated heat pump and furnace keep you cool in summer and warm in winter. Comes with 2-year-old SS stove, fridge, dishwasher, and built in microwave. Shop (20’ x 10’) and shed (10’ x 15’). Home inspection from January, 2024 available upon request. Close to park, shopping, and bus line, easy access to I-5. Park rent is $1,050 and includes water, sewer, and trash. Owner must be 55, and any other resident must be at least 45. Park must approve the buyer as a resident. Brand new washer and two year old dryer for sale for $1,500.
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2024-02-02soldstatus $85,000 Closed
-
2024-02-02soldstatus $85,000 Sold
-
2024-01-12status Pending
-
2024-01-12historical Active under Contract
-
2023-10-24price $89,900
-
2023-10-23price $89,900
-
2023-09-23$99,000 Active
-
2023-09-23$99,000 Active
-
2023-08-18soldstatus $25,000 Sold
-
2023-08-18soldstatus $25,000 Closed
-
2023-08-09status Pending
-
2023-08-09historical Active under Contract
-
2023-08-05price $50,000
-
2023-08-04price $50,000
-
2023-07-22$67,000 Active
-
2023-07-22$67,000 Active
-
2012-02-11historical
-
2007-02-23soldstatus $15,000
-
2006-09-27$25,500
-
2005-03-08soldstatus $19,000
-
2005-02-22historical
-
2004-12-03$19,900
-
2004-02-23$21,900
-
1996-11-01soldstatus $39,900
-
1994-07-07soldstatus $27,100
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast OR · Resets to sale price
- Current annual tax
- $618 · $51/mo
- Projected year-2 tax
- $969 · $81/mo
- Expected delta
- +$351/yr (+$29/mo · 56.8%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 3/10 Moderate 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 10/10 Extreme 13 unhealthy d/yr today · 14 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,630
- − Mortgage interest
- −$5,596
- − Property taxes
- −$618
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,570
- − Management
- −$1,570
- − Depreciation
- −$2,906
- Taxable income
- $6,870
- Est. tax owed @ 24.0%
- −$1,649
- After-tax cash flow
- $6,455/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Salem-Keizer SD 24J
- NCES district ID
- 4110820
- Math proficiency
- 34% ▼ -1.00%
- Reading proficiency
- 47% ▼ -2.00%
- Median HH income
- $48,632
- Composite
- 37.16/100
- National rank
- #9017
- State rank
- #103 of 183 in OR
Livability — Keizer
- Score
- 80/100
- State rank
- #56
- US rank
- #1918
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Keizer, OR
- County
- Marion County · 258,219 people
- City population
- 40,659
- Metro
- Salem, OR
- Population (ZIP)
- 40,659
- Household income
- $84,871
- Rent vs Own
- Severe rent burden
- 1297.0
Population outlook (Marion County) Hauer SSP2
- Today (2025)
- 360,940 people
- By 2030
- 375,178 · +3.9%
- By 2040
- 400,914 · +11.1%
- By 2050
- 422,187 · +17.0%
- By 2075
- 460,305 · +27.5%
- By 2100
- 464,025 · +28.6%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (67%)
- Race & ethnicity
- White 67% Hispanic / Latino 25% Two or more races 14% Native American 1% Asian 1%
- Hispanic origin (detail)
- Mexican 21%
- Common ancestry
- Lithuanian 4% Portuguese 3% Italian 3%
- Foreign-born
- 10% · Canada, China
- Languages at home
- 83% English-only · Spanish 13% Other Asian/Pacific 1% French/Haitian/Cajun 1%
Political lean MEDSL · Marion
- 2024 margin
- Toss-up / Even · D 47.5% · R 49.5% · Other 3.0%
- 2008→2024 swing
- -4.2pp toward R · 2008: 2.2pp · 2024: -2.0pp
- All cycles
- 2024: R+2.0 2020: D+1.1 2016: R+5.0 2012: R+3.5 2008: D+2.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -428.84%
- Current HPI
- 292.0057
- Rent YoY
- ▲ 3.74%
- Metro
- Salem, OR
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 2
Industry mix (Fortune 500 HQ in OR)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 1 | $51B |
|
||
Price history
+268.6% since first listed29 events — show timeline
- 2026-05-06 Price Changed $99,900 WVMLS
- 2026-05-06 Price Changed $99,900 RMLS
- 2026-02-19 Listed $109,900 RMLS
- 2026-02-19 Listed $109,900 WVMLS
- 2024-02-02 Sold (MLS) $85,000 WVMLS
- 2024-02-02 Sold (MLS) $85,000 RMLS
- 2024-01-12 Pending — RMLS
- 2024-01-12 Contingent — WVMLS
- 2023-10-24 Price Changed $89,900 WVMLS
- 2023-10-23 Price Changed $89,900 RMLS
- 2023-09-23 Listed $99,000 WVMLS
- 2023-09-23 Listed $99,000 RMLS
- 2023-08-18 Sold (MLS) $25,000 RMLS
- 2023-08-18 Sold (MLS) $25,000 WVMLS
- 2023-08-09 Pending — RMLS
- 2023-08-09 Contingent — WVMLS
- 2023-08-05 Price Changed $50,000 WVMLS
- 2023-08-04 Price Changed $50,000 RMLS
- 2023-07-22 Listed $67,000 RMLS
- 2023-07-22 Listed $67,000 WVMLS
- 2012-02-11 Listing Removed — WVMLS
- 2007-02-23 Sold (MLS) $15,000 WVMLS
- 2006-09-27 Listed $25,500 WVMLS
- 2005-03-08 Sold (MLS) $19,000 WVMLS
- 2005-02-22 Listing Removed — WVMLS
- 2004-12-03 Listed $19,900 WVMLS
- 2004-02-23 Listed $21,900 WVMLS
- 1996-11-01 Sold (Public Records) $39,900 Public Records
- 1994-07-07 Sold (Public Records) $27,100 Public Records
Property tax history
+4.9%/yrLatest (2025): $618 · +2.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…