141 S 17th St UNIT 48IndependenceOR97351
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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
Rental property for sale in Independence at 141 S 17th St UNIT 48, Independence, OR, 97351 generates $1,400/mo in rent and, after a $661/mo payment, leaves $585/mo in cash flow. Total monthly income is $1,400/mo, and annual cash flow is $7,018/yr on $44,753 invested. Return on cash invested sits at 35.59% in year one, and rental yield is 12.44% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 186.76% and total cumulative return in cash sums $83,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,400/mo property income rather than buyer’s personal income.
Manufactured
Built in 1982
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
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Listed by: CARRIE HAMILTON • Re/Max Integrity - Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #828714
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.