1400 S Elm St UNIT 62, Canby, OR, 97013 | $257/mo Cash Flow

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1400 S Elm St UNIT 62, Canby, OR, 97013 | $257/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 Canby at 1400 S Elm St UNIT 62, Canby, OR, 97013 generates $1,162/mo in rent and, after a $734/mo payment, leaves $257/mo in cash flow. Total monthly income is $1,162/mo, and annual cash flow is $3,082/yr on $49,708 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 9.3% on a $149,950 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,428 over five years. Five-year ROI reaches 135.89% and total cumulative return in cash sums $67,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,162/mo property income rather than buyer’s personal income.

Manufactured

Built in 1997

3,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Tucked away in a private location, this beautifully updated 1987 Liberty home offers 3 spacious bedrooms and 2 remodeled bathrooms. The kitchen has been fully renovated with soft-close shaker cabinets, marble countertops, tile backsplash, pantry, and all-new appliances. The primary suite includes a makeup bar with premium lighting, dual sinks, marble counters, a California closet, and a private shower/toilet area. Both secondary bedrooms are oversized with new LVP flooring throughout. Enjoy a large living room that opens to the kitchen and dining area. A glass door leads to a peaceful backyard with a newer deck and tree-lined privacy. Long driveway provides plenty of parking. Located in a sought-after community with lot rent at just $760/month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97013, Canby, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,696 (100%)
Owner Occupied HU	6,936 (71.5%)
Renter Occupied HU	2,486 (25.6%)
Vacant Housing Units	274 ( 2.8%)
Median Home Value	$597,733
Average Home Value	$656,917