142-148 S 16th StIndependenceOR97351
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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 Independence at 142-148 S 16th St, Independence, OR, 97351 earns from $3,600/mo rent with a $4,038/mo payment. Total monthly income totals $3,600/mo. ROI tracks 13.96% on current figures, and rental yield reads 5.24% at a $825,000 purchase. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 over five years. Five-year ROI reaches 70.71% and total cumulative return in cash sums $191,925. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.
Multi Family
Built in 1972
9,583 sqft 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: DONALD MEYER • Pikes Northwest, Inc
Mls Name: WVMLS
Mls ID: #836977