101 Three Mill Rd, Selma, OR, 97538 | $318/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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101 Three Mill Rd, Selma, OR, 97538 | $318/mo Cash Flow | 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

Rental property for sale in Selma at 101 Three Mill Rd, Selma, OR, 97538 offers $1,375/mo rent that, after a $857/mo payment, leaves $318/mo cash flow. Total monthly income is $1,375/mo, and annual cash flow is $3,819/yr on $58,012 cash. Return on cash invested measures 26.49% in year one, and rental yield stands at 9.43% at a $174,999 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 138% and total cumulative return in cash reaches $80,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,375/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2024

6.90 Acres lot

$N/A/sqft

No HOA

More details about the property

Nested on 6.9 private, flat, and fully usable acres. This charming one-bedroom, one-bathroom bungalow offers the perfect blend of comfort, seclusion, and natural beauty. Set along a year-round creek. the property provides a serene atmosphere and a true connection to the outdoors. Located in beautiful Selma, Oregon, this unique property backs up to BLM forest, giving you direct access to expansive public lands for hiking, exploring, and enjoying the peaceful wilderness that surrounds you. The home sits on spacious open landscape with endless potential - gardens, animals, additional structures, or simply room to breathe. A private well is already in place, making this property ideal for those looking for self-sufficiency or a rural lifestyle. Whether you're seeking a full-time residence, a vacation get-away, or an investment opportunity, this creek-side bungalow offers rare privacy and natural charm in one of Oregon's most scenic areas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97538, Selma, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	927 (100%)
Owner Occupied HU	615 (66.3%)
Renter Occupied HU	143 (15.4%)
Vacant Housing Units	169 (18.2%)
Median Home Value	$535,480
Average Home Value	$621,528