1285 Parker StSpringfieldOR97477
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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
Investment Highlights
Investment property for sale in Springfield at 1285 Parker St, Springfield, OR, 97477 uses $94,478 cash to close to unlock $3,043/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,395/mo payment keeps the spread at $254/mo. Purchase price stands at $285,000, and rental yield measures 8.31% with $1,974/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 119.93% and total cumulative return in cash records $113,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97477, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 8,482 (50.4%) |
| Renter Occupied HU | 7,726 (45.9%) |
| Vacant Housing Units | 608 ( 3.6%) |
| Median Home Value | $406,808 |
| Average Home Value | $440,412 |
Housing Distribution
Address Breakdown
Residential
16,256
Single Family
14,766
Multi-Family
1,490
Businesses
1,346
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Listed by: Kathryn Graves • Hybrid Real Estate
Mls Name: RMLS (OR)
Mls ID: #438827663