1307 S Water St UNIT 74, Silverton, OR, 97381 | $234/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1307 S Water St UNIT 74, Silverton, OR, 97381 | $234/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Silverton at 1307 S Water St UNIT 74, Silverton, OR, 97381 generates $1,124/mo in rent and, after a $722/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,124/mo, and annual cash flow is $2,804/yr on $48,870 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 9.15% on a $147,420 entry. Equity gained on principal adds $951/yr, while 5% annual appreciation builds toward $40,729 over five years. Five-year ROI reaches 133.43% and total cumulative return in cash sums $65,208. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,124/mo property income rather than buyer’s personal income.

Manufactured

Built in 1991

N/A lot

$N/A/sqft

No HOA

More details about the property

Wonderful double wide in Silverton Senior Mobile Estates, 55+ park, well cared for, $623 park rent for garbage, sewer, water, community center and road maintenance. 3 bedroom, 2 bath with open floor plan, many updates, bathrooms, kitchen have been redone and home is ready to move into. Great Senior living community with a easy to maintain lot, nice outdoor seating area on covered porch. Easy to view. Contingent on Park approval

Neighborhood Data

Neighborhood data shown for ZIP Code: 97381, Silverton, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,528 (100%)
Owner Occupied HU	4,593 (70.4%)
Renter Occupied HU	1,674 (25.6%)
Vacant Housing Units	261 ( 4.0%)
Median Home Value	$585,629
Average Home Value	$626,464