1209 Chestnut StreetMilton FreewaterOR97862
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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 Milton Freewater at 1209 Chestnut Street, Milton Freewater, OR, 97862 generates $1,080/mo in rent, after a $1,150/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 14.7% in year one, and rental yield is 5.51% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 74.7% and total cumulative return in cash sums $58,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97862, Milton Freewater, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,942 (100%) |
| Owner Occupied HU | 2,968 (60.1%) |
| Renter Occupied HU | 1,458 (29.5%) |
| Vacant Housing Units | 516 (10.4%) |
| Median Home Value | $336,717 |
| Average Home Value | $392,433 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
4,382
Multi-Family
57
Businesses
376
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Listed by: B. George Kaup • Coldwell Banker Walla Walla
Mls Name: NWMLS
Mls ID: #2458392