1082 Alberta Ave E, Monmouth, OR, 97361 | $305/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1082 Alberta Ave E, Monmouth, OR, 97361 | $305/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Monmouth at 1082 Alberta Ave E, Monmouth, OR, 97361 offers a 8.11% rental yield on a $420,000 purchase with $2,840/mo rent. Total monthly income registers $2,840/mo, and a $2,056/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,654/yr on $139,230 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 116.72% and total cumulative return in cash at $162,511. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,840/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1969

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Lovely mid-century modern home in town with a country feel. Forced air/gas heat pump less than 5 years old. This property is move-in ready with a dreamy backyard, garden shed, covered front patio and bonus room. Double carport with storage area. Close to schools and Western Oregon University. Seller procured inspection Nov 2023.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97361, Monmouth, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,186 (100%)
Owner Occupied HU	2,675 (51.6%)
Renter Occupied HU	2,147 (41.4%)
Vacant Housing Units	364 ( 7.0%)
Median Home Value	$435,162
Average Home Value	$482,953