1120 W Fairview Dr SPACE 3SpringfieldOR97477
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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 1120 W Fairview Dr SPACE 3, Springfield, OR, 97477 offers a 27.59% rental yield on a $107,000 purchase with $2,460/mo rent. Total monthly income registers $2,460/mo, and a $524/mo payment leaves $1,814/mo available for distribution. Annual cash flow reaches $21,766/yr on $35,471 to close, and return on cash invested stands at 81.27% in year one. Equity gained on principal adds $690/yr while 5% annual appreciation supports $29,562 over five years. Portfolio math shows five-year ROI at 431.7% and total cumulative return in cash at $153,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,460/mo property income against a $524/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97477, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 8,482 (50.4%) |
| Renter Occupied HU | 7,726 (45.9%) |
| Vacant Housing Units | 608 ( 3.6%) |
| Median Home Value | $406,808 |
| Average Home Value | $440,412 |
Housing Distribution
Address Breakdown
Residential
16,256
Single Family
14,766
Multi-Family
1,490
Businesses
1,346
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Listed by: Ericka Tatum • Redfin
Mls Name: RMLS (OR)
Mls ID: #308263498