1105 Riverside Dr UNIT 17VernoniaOR97064
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1105 Riverside Dr UNIT 17, Vernonia, OR, 97064 offers a 8.35% rental yield on a $150,000 purchase with $1,044/mo rent. Total monthly income registers $1,044/mo, and a $734/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,665/yr on $49,725 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 120.63% and total cumulative return in cash at $59,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,044/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
5,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices