141 S 17th St UNIT 44, Independence, OR, 97351 | $256/mo Cash Flow

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141 S 17th St UNIT 44, Independence, OR, 97351 | $256/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

Investment property for sale in Independence at 141 S 17th St UNIT 44, Independence, OR, 97351 offers a 9.62% rental yield on a $129,000 purchase with $1,034/mo rent. Total monthly income registers $1,034/mo, and a $631/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,069/yr on $42,764 to close, and return on cash invested stands at 27.09% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 141.15% and total cumulative return in cash at $60,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,034/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

New Roof! Come see this home & appreciate the updated kitchen SS appliances that help show off an open galley style kitchen. The home has a great layout w/a lg living room w/ windows that provide beautiful natural lighting, a nicely-sized dining area that fits a lg table & has built-ins for your storage needs, & a separate laundry room that has additional storage. There are 2 nicely- sized bedrooms, a hallway bathroom w/a full shower tub combo, & the primary bedroom has a walk-in closet & bathroom.

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