124 Santiam StGatesOR97346
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
Rental property for sale in Gates at 124 Santiam St, Gates, OR, 97346 priced at $339,900 pairs $2,818/mo rent with $766/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,818/mo, and annual cash flow comes to $9,191/yr on $112,677 invested. Return on cash invested is 28.07% in year one, and rental yield stands at 9.95% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 146.38% and total cumulative return in cash reaches $164,939. For financing, Ziffy Mortgage’s DSCR program evaluates $2,818/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2025
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97346, Gates, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 478 (100%) |
| Owner Occupied HU | 269 (56.3%) |
| Renter Occupied HU | 72 (15.1%) |
| Vacant Housing Units | 137 (28.7%) |
| Median Home Value | $398,611 |
| Average Home Value | $487,835 |
Housing Distribution
Address Breakdown
Residential
274
Single Family
274
Multi-Family
0
Businesses
13
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