1220 Monmouth St UNIT 12, Independence, OR, 97351 | $523/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1220 Monmouth St UNIT 12, Independence, OR, 97351 | $523/mo Cash Flow | Ziffy

For Sale

Listed for sale 4 days ago

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 1220 Monmouth St UNIT 12, Independence, OR, 97351 generates $1,850/mo in rent and, after a $1,076/mo payment, leaves $523/mo in cash flow. Total monthly income is $1,850/mo, and annual cash flow is $6,275/yr on $72,897 invested. Return on cash invested sits at 28.52% in year one, and rental yield is 10.1% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 148.8% and total cumulative return in cash sums $108,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,850/mo property income rather than buyer’s personal income.

Manufactured

Built in 2025

10,000 sqft lot

$N/A/sqft

No HOA

More details about the property

New Construction! Beautiful and Spacious Golden West Energy Star Home on a large cul-de-sac lot in Hazel Glen Court. You will appreciate the open great room design. Quality features t/o such as 9-foot ceilings, upgraded stainless steel appliances, vinyl floors t/o and no carpet. Primary suite offers a walk-in shower, double sinks and walk-in closet. All bedrooms are spacious. Outside is a tandem carport, separate matching storage building and covered front porch. The home has been staged to enhance its welcoming feel. Buyers must be approved by park management. Space rent is $665.00 a month. Manufacturer warranties apply.

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