1284 N 19TH ST 242 Plan, Forest Meadows, Philomath, OR, 97370 | $568/mo Cash Flow

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1284 N 19TH ST 242 Plan, Forest Meadows, Philomath, OR, 97370 | $568/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Philomath at 1284 N 19TH ST 242 Plan, Forest Meadows, Philomath, OR, 97370 offers a 10.49% rental yield on a $209,995 purchase with $1,836/mo rent. Total monthly income registers $1,836/mo, and a $1,028/mo payment leaves $568/mo available for distribution. Annual cash flow reaches $6,819/yr on $69,613 to close, and return on cash invested stands at 29.7% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,018 over five years. Portfolio math shows five-year ROI at 155.23% and total cumulative return in cash at $108,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,836/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

This home offers great value without skimping on quality! This three bedroom two bath home, offers you a large shower in the primary bath, with plenty of room to add storage. Beautiful faux wood blinds in this home. Kitchen has Island that over looks the living room a nice privacy wall houses the refrigerator and additional storage between the kitchen and front dining room. There is additional storage just next to the laundry and kitchen entrance, that you can utilize to your taste. We have also upgraded these homes, with Luxury Vinyl plank in the main living areas. Come see this wonderful home today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,001 (100%)
Owner Occupied HU	2,776 (69.4%)
Renter Occupied HU	1,070 (26.7%)
Vacant Housing Units	155 ( 3.9%)
Median Home Value	$537,267
Average Home Value	$568,482