1380 Detroit StElginOR97827
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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 Elgin at 1380 Detroit St, Elgin, OR, 97827 earns $141/mo cash flow from $1,943/mo rent with a $1,462/mo payment. Total monthly income totals $1,943/mo, and annual cash flow totals $1,693/yr on $98,986 capital. ROI tracks 21.62% on current figures, and rental yield reads 7.81% at a $298,600 purchase. Equity gained on principal adds $1,927/yr, and 5% annual appreciation supports $82,498 over five years. Five-year ROI reaches 111.85% and total cumulative return in cash sums $110,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,943/mo property income instead of your personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97827, Elgin, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,310 (100%) |
| Owner Occupied HU | 865 (66.0%) |
| Renter Occupied HU | 297 (22.7%) |
| Vacant Housing Units | 148 (11.3%) |
| Median Home Value | $268,924 |
| Average Home Value | $360,358 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
937
Multi-Family
23
Businesses
81
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