1237 S 7th StIndependenceOR97351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 1237 S 7th St, Independence, OR, 97351 earns $236/mo cash flow from $2,770/mo rent with a $2,055/mo payment. Total monthly income totals $2,770/mo, and annual cash flow totals $2,827/yr on $139,197 capital. ROI tracks 21.94% on current figures, and rental yield reads 7.92% at a $419,900 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,011 over five years. Five-year ROI reaches 113.54% and total cumulative return in cash sums $158,040. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,770/mo property income instead of your personal income.
Single Family
Built in 1999
5,662 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MELISSA VOHLAND • Realty One Group Willamette Valley
Mls Name: WVMLS
Mls ID: #833667