1046 State AveVernoniaOR97064
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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 Vernonia at 1046 State Ave, Vernonia, OR, 97064 earns from $1,044/mo rent with a $1,052/mo payment. Total monthly income totals $1,044/mo. ROI tracks 15.64% on current figures, and rental yield reads 5.83% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 79.79% and total cumulative return in cash sums $56,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,044/mo property income instead of your personal income.
Single Family
Built in 1922
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97064, Vernonia, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,613 (100%) |
| Owner Occupied HU | 1,259 (78.1%) |
| Renter Occupied HU | 260 (16.1%) |
| Vacant Housing Units | 94 ( 5.8%) |
| Median Home Value | $429,661 |
| Average Home Value | $460,725 |
Housing Distribution
Address Breakdown
Residential
1,468
Single Family
1,465
Multi-Family
3
Businesses
108
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