1203 River Oak Rd, Independence, OR, 97351 | $241/mo Cash Flow

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1203 River Oak Rd, Independence, OR, 97351 | $241/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Independence at 1203 River Oak Rd, Independence, OR, 97351 generates $2,867/mo in rent and, after a $2,129/mo payment, leaves $241/mo in cash flow. Total monthly income is $2,867/mo, and annual cash flow is $2,898/yr on $144,169 invested. Return on cash invested sits at 21.92% in year one, and rental yield is 7.91% on a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 113.43% and total cumulative return in cash sums $163,529. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,867/mo property income rather than buyer’s personal income.

Single Family

Built in 1997

5,831 sqft lot

$N/A/sqft

No HOA

More details about the property

A Bumpable Offer has Been Accepted. Charming 3 bed, 2 bath home on a corner lot in desirable Independence! Built in 1997, includes laminate floors, granite counters, SS appliances, an extra family room with French doors leading to patio, great for outdoor entertaining. Fenced backyard. Great location, roof approx. 6 years old, recently service furnace/AC and ready to make it yours!

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