100 Covey LnGrants PassOR97527
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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 Grants Pass at 100 Covey Ln, Grants Pass, OR, 97527 with 5% annual appreciation on a $385,000 basis while $2,496/mo rent supports operations. Total monthly income totals $2,496/mo and a $1,884/mo payment preserves $172/mo for cash returns. Annual cash flow comes to $2,070/yr on $127,628 deployed, and return on cash invested reaches 21.53% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 7.78%. Five-year ROI measures 111.34% and total cumulative return in cash totals $142,102.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,496/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97527, Grants Pass, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,141 (100%) |
| Owner Occupied HU | 11,041 (68.4%) |
| Renter Occupied HU | 4,115 (25.5%) |
| Vacant Housing Units | 985 ( 6.1%) |
| Median Home Value | $481,099 |
| Average Home Value | $560,527 |
Housing Distribution
Address Breakdown
Residential
15,241
Single Family
14,552
Multi-Family
689
Businesses
529
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Listed by: N/A • eXp Realty, LLC
Mls Name: Oregon Datashare
Mls ID: #220205568