








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Dallas at 1220 SE Godsey Rd, Dallas, OR, 97338 listed at $376,300 pairs $2,480/mo rent with a $1,842/mo payment to leave $208/mo cash flow. Total monthly income runs $2,480/mo, and annual cash flow reaches $2,501/yr on $124,743 cash to close. Return on cash invested measures 21.91% in year one, and rental yield registers 7.91% at a $376,300 basis. Equity gained on principal adds $2,428/yr, and annual property appreciation at 5% supports $103,965 by year five. Five-year ROI tracks 113.42% and total cumulative return in cash totals $141,483. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,480/mo property income relative to a $1,842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-09-25 | Listing removed | $386,800 |
| 2025-08-20 | Price change | $386,800 |
| 2025-06-18 | Listed for sale | $396,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $2041.36 | 3.99% | $144,700 | 3.00% |
| 2023-11-02 | $1962.95 | 2.69% | $140,490 | 3.00% |
| 2022-11-02 | $1911.48 | 2.83% | $136,400 | 3.00% |



Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A