1046 E Grover AveCottage GroveOR97424
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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 Cottage Grove at 1046 E Grover Ave, Cottage Grove, OR, 97424 listed at $449,500 pairs $2,195/mo rent with a $2,200/mo payment. Total monthly income runs $2,195/mo. Return on cash invested measures 15.74% in year one, and rental yield registers 5.86% at a $449,500 basis. Equity gained on principal adds $2,901/yr, and annual property appreciation at 5% supports $124,189 by year five. Five-year ROI tracks 80.26% and total cumulative return in cash totals $119,597. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,195/mo property income relative to a $2,200/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2008
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97424, Cottage Grove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,705 (100%) |
| Owner Occupied HU | 5,224 (67.8%) |
| Renter Occupied HU | 2,102 (27.3%) |
| Vacant Housing Units | 379 ( 4.9%) |
| Median Home Value | $498,856 |
| Average Home Value | $538,638 |
Housing Distribution
Address Breakdown
Residential
7,261
Single Family
6,676
Multi-Family
585
Businesses
622
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Listed by: Jon Sims • RE/MAX Integrity
Mls Name: RMLS (OR)
Mls ID: #390997196