1123 E StIndependenceOR97351
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
Total monthly income runs $2,267/mo, and a $2,056/mo payment. Purchase price stands at $420,000, and rental yield measures 6.48% with $2,267/mo rent. Return on cash invested shows 17.59% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 90.23% and total cumulative return in cash records $125,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,267/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1976
8,276 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joey Burton • MORE Realty
Mls Name: RMLS (OR)
Mls ID: #668864152