12984 Elliott Prairie Rd NEWoodburnOR97071
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 Woodburn at 12984 Elliott Prairie Rd NE, Woodburn, OR, 97071 generates $2,500/mo in rent, after a $7,831/mo payment. Total monthly income is $2,500/mo. Return on cash invested sits at 3.8% in year one, and rental yield is 1.88% on a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation builds toward $442,051 over five years. Five-year ROI reaches 16.16% and total cumulative return in cash sums $83,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,500/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
73.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Housing Distribution
Address Breakdown
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LEE KLAMPE • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #821747
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.