1089 H StIndependenceOR97351
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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
Rental property for sale in Independence at 1089 H St, Independence, OR, 97351 generates $2,809/mo in rent, after a $4,895/mo payment. Total monthly income is $2,809/mo. Return on cash invested sits at 8.29% in year one, and rental yield is 3.37% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 40.29% and total cumulative return in cash sums $132,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,809/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
19.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
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Listed by: GEORGE GRABENHORST • Capacity Commerical Group Llc
Mls Name: WVMLS
Mls ID: #836431