1023 S Water StSilvertonOR97381
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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 Silverton at 1023 S Water St, Silverton, OR, 97381 offers a 7.57% rental yield on a $355,000 purchase with $2,238/mo rent. Total monthly income registers $2,238/mo, and a $1,738/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,137/yr on $117,683 to close, and return on cash invested stands at 20.87% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 107.81% and total cumulative return in cash at $126,876. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,238/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97381, Silverton, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,528 (100%) |
| Owner Occupied HU | 4,593 (70.4%) |
| Renter Occupied HU | 1,674 (25.6%) |
| Vacant Housing Units | 261 ( 4.0%) |
| Median Home Value | $585,629 |
| Average Home Value | $626,464 |
Housing Distribution
Address Breakdown
Residential
6,061
Single Family
5,752
Multi-Family
309
Businesses
560
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