123 Elkay DrEugeneOR97404
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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
Investment property for sale in Eugene at 123 Elkay Dr, Eugene, OR, 97404 with 5% annual appreciation on a $375,000 basis while $2,458/mo rent supports operations. Total monthly income totals $2,458/mo and a $1,835/mo payment preserves $195/mo for cash returns. Annual cash flow comes to $2,338/yr on $124,313 deployed, and return on cash invested reaches 21.79% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 7.87%. Five-year ROI measures 112.72% and total cumulative return in cash totals $140,127.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,458/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97404, Eugene, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,381 (100%) |
| Owner Occupied HU | 9,823 (68.3%) |
| Renter Occupied HU | 4,183 (29.1%) |
| Vacant Housing Units | 375 ( 2.6%) |
| Median Home Value | $460,916 |
| Average Home Value | $537,222 |
Housing Distribution
Address Breakdown
Residential
14,133
Single Family
13,469
Multi-Family
664
Businesses
652
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