1124 S 9th 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 1124 S 9th St, Independence, OR, 97351 generates $3,350/mo in rent, after a $2,814/mo payment. Total monthly income is $3,350/mo. Return on cash invested sits at 19.13% in year one, and rental yield is 6.99% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash sums $186,335. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,350/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
7,694 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
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Nearby investment properties with comparable prices
Listed by: DAVID CALE • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #827108
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.