1307 S Water St UNIT 74SilvertonOR97381
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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
Rental property for sale in Silverton at 1307 S Water St UNIT 74, Silverton, OR, 97381 generates $1,122/mo in rent and, after a $722/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,122/mo, and annual cash flow is $2,780/yr on $48,870 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 9.13% 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 133.19% and total cumulative return in cash sums $65,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,122/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,061
Single Family
5,752
Multi-Family
309
Businesses
560
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