1072 53rd StSpringfieldOR97478
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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 Springfield at 1072 53rd St, Springfield, OR, 97478 offers a 7.38% rental yield on a $468,500 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $2,293/mo payment leaves $52/mo available for distribution. Annual cash flow reaches $626/yr on $155,308 to close, and return on cash invested stands at 20.31% in year one. Equity gained on principal adds $3,023/yr while 5% annual appreciation supports $129,438 over five years. Portfolio math shows five-year ROI at 104.82% and total cumulative return in cash at $162,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $2,293/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97478, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 10,304 (66.8%) |
| Renter Occupied HU | 4,596 (29.8%) |
| Vacant Housing Units | 529 ( 3.4%) |
| Median Home Value | $467,133 |
| Average Home Value | $522,825 |
Housing Distribution
Address Breakdown
Residential
15,037
Single Family
14,943
Multi-Family
94
Businesses
461
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Listed by: Anna Chapman • Harcourts West Real Estate
Mls Name: RMLS (OR)
Mls ID: #611705060