1400 S Elm St UNIT 81, Canby, OR, 97013 | $307/mo Cash Flow

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1400 S Elm St UNIT 81, Canby, OR, 97013 | $307/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Investment property for sale in Canby at 1400 S Elm St UNIT 81, Canby, OR, 97013 listed at $167,500 pairs $1,318/mo rent with a $820/mo payment to leave $307/mo cash flow. Total monthly income runs $1,318/mo, and annual cash flow reaches $3,681/yr on $55,526 cash to close. Return on cash invested measures 26.54% in year one, and rental yield registers 9.44% at a $167,500 basis. Equity gained on principal adds $1,081/yr, and annual property appreciation at 5% supports $46,277 by year five. Five-year ROI tracks 138.19% and total cumulative return in cash totals $76,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,318/mo property income relative to a $820/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1997

3,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this stunning 1997 Karsten mobile home, a true testament to pride of ownership, located in Elmwood Mobile Home Park, a welcoming all-age community in Canby, Oregon. This spacious 3-bedroom, 2-bath mobile home gem boasts modern upgrades, including newer carpet, fresh interior and exterior paint, and a new roof installed in 2020. The open floor plan features a large kitchen with a breakfast bar, perfect for entertaining, and comes equipped with newer appliances. A generous pantry with a glass door keeps your essentials organized and in view. The separate laundry room is thoughtfully designed to minimize noise, adding to the home's comfort. Additional highlights include a recently serviced heater, energy-efficient double-pane vinyl windows, and a fenced backyard for privacy and relaxation. Enjoy living in a community with the lowest park rent in town at just $760 per month. Park does allow pets but certain restrictions do apply. This elegant home is priced to sell-don't miss your chance!

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