1389 Briar Rd, Independence, OR, 97351 | $153/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1389 Briar Rd, Independence, OR, 97351 | $153/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 Independence at 1389 Briar Rd, Independence, OR, 97351 generates $2,688/mo in rent and, after a $2,056/mo payment, leaves $153/mo in cash flow. Total monthly income is $2,688/mo, and annual cash flow is $1,830/yr on $139,230 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.68% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 109.7% and total cumulative return in cash sums $152,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,688/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Just minutes from charming downtown Independence in a welcoming neighborhood, this beautifully maintained single-level home offers an open-concept layout w/ laminate flooring, high ceilings, & a spacious kitchen featuring a large island & breakfast nook. Enjoy a an oversized, fully fenced yard w/ mature landscaping, hot tub, & huge vaulted covered patioperfect for entertaining. With playground area & plenty of space for outdoor living, this is the home youve been waiting for! Move in before the holidays!

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