1363 Jefferson StIndependenceOR97351
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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 Independence at 1363 Jefferson St, Independence, OR, 97351 offers a 7.88% rental yield on a $445,000 purchase with $2,923/mo rent. Total monthly income registers $2,923/mo, and a $2,178/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,844/yr on $147,518 to close, and return on cash invested stands at 21.84% in year one. Equity gained on principal adds $2,872/yr while 5% annual appreciation supports $122,945 over five years. Portfolio math shows five-year ROI at 112.96% and total cumulative return in cash at $166,640. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,923/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
6,114 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
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Listed by: NIKKI WEINER • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls ID: #837141