12590 NW Ashton DrBanksOR97106
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 12590 NW Ashton Dr, Banks, OR, 97106 in Banks worth modelling. At $409,000 with a 7.81% gross yield, the $2,660/mo rent leaves $192/mo after the $1,839/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.45 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $112,999 by year five; $3,767/yr in principal reduction adds further equity. Total projected return: $167,161.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $192 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,660 |
| Total Monthly Debt Service | $2,306 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97106, Banks, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,436 (81.9%) |
| Renter Occupied HU | 257 (14.7%) |
| Vacant Housing Units | 61 ( 3.5%) |
| Median Home Value | $723,183 |
| Average Home Value | $796,805 |
Housing Distribution
Address Breakdown
Residential
1,633
Single Family
1,632
Multi-Family
1
Businesses
201
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
Single Family
Built in 1999
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97106, Banks, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,436 (81.9%) |
| Renter Occupied HU | 257 (14.7%) |
| Vacant Housing Units | 61 ( 3.5%) |
| Median Home Value | $723,183 |
| Average Home Value | $796,805 |
Housing Distribution
Address Breakdown
Residential
1,633
Single Family
1,632
Multi-Family
1
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices