141 S 17th St UNIT 61, Independence, OR, 97351 | $319/mo Cash Flow

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141 S 17th St UNIT 61, Independence, OR, 97351 | $319/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 61, Independence, OR, 97351 listed at $195,000 pairs $1,496/mo rent with a $954/mo payment to leave $319/mo cash flow. Total monthly income runs $1,496/mo, and annual cash flow reaches $3,832/yr on $64,643 cash to close. Return on cash invested measures 25.84% in year one, and rental yield registers 9.21% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 134.49% and total cumulative return in cash totals $86,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,496/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2022

1,188 sqft lot

$N/A/sqft

No HOA

More details about the property

2022 manufactured home in all age park. Located on a corner lot. The home has an open floor plan and big windows for natural light. The kitchen has fantastic counter space and storage. Refrigerator, dishwasher, range, built-in microwave and washer & dryer are all included. 2 bedroom with a den. The primary suite has a step in shower and fantastic storage. The 2nd bathroom has a tub/shower. The home is equipped with an electric furnace and heat pump, LED lights and blackout curtains. Cornerstone Foundation seals the crawlspace from rodent intrusion. 10x12 shed in addition to the carport shed. Drip system for outdoor watering. Garden space. Carport and patio area. Space rent is $750/month with water, sewer and garbage included. Close to schools, grocery store, pharmacy, medical services and trolley stop. This is a gently lived in home, ready for its new owner. Manufactured home loan available.

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