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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Independence at 1055 Sassafras St, Independence, OR, 97351 offers $3,180/mo rent that, after a $2,765/mo payment. Total monthly income is $3,180/mo. Return on cash invested measures 18.58% in year one, and rental yield stands at 6.75% at a $565,000 entry. Equity gained on principal adds $3,646/yr while 5% annual appreciation compounds into $156,099 by year five. Five-year ROI records 95.44% and total cumulative return in cash reaches $177,411. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,180/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
5,379 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
| 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 |
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Date | Event | Price |
|---|---|---|
| 2025-02-04 | Listed for sale | $565,000 |
| 2025-01-31 | Listing removed | $565,000 |
| 2024-09-20 | Price change | $565,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-23 | $2222.29 | N/A | $116,800 | N/A |
Listed by: CHET GRAHAM • Realty First Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #829250
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
