1402 Iris StWoodburnOR97071
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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 Woodburn at 1402 Iris St, Woodburn, OR, 97071 uses $195,229 cash to close to unlock $1,518/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $3,794/mo, and a $2,904/mo payment keeps the spread at $126/mo. Purchase price stands at $593,400, and rental yield measures 7.67% with $3,794/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $163,945 over five years. Five-year ROI reaches 107.78% and total cumulative return in cash records $210,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,794/mo property income covering a $2,904/mo payment rather than investor’s personal income.
Single Family
Built in 2018
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Housing Distribution
Address Breakdown
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
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