1006 Sassafras St, Independence, OR, 97351 | 6.53% Rental Yield

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1006 Sassafras St, Independence, OR, 97351 | 6.53% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Independence at 1006 Sassafras St, Independence, OR, 97351 listed at $534,900 pairs $2,909/mo rent with a $2,618/mo payment. Total monthly income runs $2,909/mo. Return on cash invested measures 17.88% in year one, and rental yield registers 6.53% at a $534,900 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,783 by year five. Five-year ROI tracks 91.74% and total cumulative return in cash totals $161,445. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,909/mo property income relative to a $2,618/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2022

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This home like new. Only lived in 2 years.Welcome to this beautifully maintained 3-bedroom, 2-bath home offering 1,609 square feet of stylish and functional living space. Nestled in a newer development, this property combines comfort, privacy, and modern touches in a quiet neighborhood setting.Step inside to discover an open-concept layout with newer finishes throughout, including sleek quartz countertops. Owner is a licensed Realtor in state of Oregon and listing agent This home like new. Only lived in 2 years.Welcome to this beautifully maintained 3-bedroom, 2-bath home offering 1,609 square feet of stylish and functional living space. Nestled in a newer development, this property combines comfort, privacy, and modern touches in a quiet neighborhood setting.Step inside to discover an open-concept layout with newer finishes throughout, including sleek quartz countertops that bring a contemporary feel to the kitchen and bathrooms. The spacious living area flows seamlessly into the dining and kitchen spacesperfect for both everyday living and entertaining.Enjoy the outdoors in your private backyard, where territorial views and occasional stunning sunsets provide a peaceful retreat at the end of your day. Whether you're sipping morning coffee or hosting a BBQ, the setting offers serenity and space.With a smart layout, modern design elements, and a quiet, community-oriented location, this home is move-in ready and waiting for you. Owner is licensed agent in state of Oregon and is listing agent. Refrigerator excluded. Planter boxes and vases excluded

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,369 (100%)
Owner Occupied HU	2,647 (60.6%)
Renter Occupied HU	1,605 (36.7%)
Vacant Housing Units	117 ( 2.7%)
Median Home Value	$427,687
Average Home Value	$490,376