1237 S 7th St, Independence, OR, 97351 | $260/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1237 S 7th St, Independence, OR, 97351 | $260/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
984 sft

2130 NW Garryanna St, Corvallis, OR, 97330

3 Bed
3 Bath
1559 sft

719 NW Sundance Cir, Corvallis, OR, 97330

3 Bed
2 Bath
2054 sft

1355 SW Western Blvd, Corvallis, OR, 97333

4 Bed
2 Bath
1836 sft

23998 Highway 20, Philomath, OR, 97370

Nearby investment properties with comparable prices

Slayton Plan, Meadowview : The August Collection

3 Bed
3 Bath
1691 sft

Slayton Plan, Meadowview : The August Collection, Eugene, OR, 97402

Investment Property+ 1 more

3 Bed
1 Bath
942 sft

615 SW 56th St, Corvallis, OR, 97333

3 Bed
2 Bath
1008 sft

311 NE Plymouth Cir, Corvallis, OR, 97330

3 Bed
2 Bath
1196 sft

2130 NW Kings Blvd, Corvallis, OR, 97330

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Independence at 1237 S 7th St, Independence, OR, 97351 earns $260/mo cash flow from $2,855/mo rent with a $2,104/mo payment. Total monthly income totals $2,855/mo, and annual cash flow totals $3,122/yr on $142,512 capital. ROI tracks 22.1% on current figures, and rental yield reads 7.97% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 114.4% and total cumulative return in cash sums $163,039. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,855/mo property income instead of your personal income.

Single Family

Built in 1999

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home!! This move in ready home has 3 beds and 2 baths of comfortable living. Inside, you'll find a bright and inviting layout that features a welcoming front room perfect for entertaining, a cozy family room ideal for relaxing evenings and the kitchen & dining areas that offer a functional flow. Recently updated, this home features a brand new roof, fresh interior and exterior paint, new flooring along with key system upgrades in the last 2 years including new HVAC, water heater and vapor barrier. Call or text Melissa (503)508-9965 for showings and any questions. Home is vacant but appointment is required. OREF forms

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