1466 N Steiwer Ln, Newberg, OR, 97132 | $267/mo Cash Flow

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1466 N Steiwer Ln, Newberg, OR, 97132 | $267/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

Rental property for sale in Newberg at 1466 N Steiwer Ln, Newberg, OR, 97132 priced at $419,900 converts $2,801/mo rent into $267/mo cash flow after a $2,055/mo obligation. Total monthly income equals $2,801/mo, and annual cash flow totals $3,199/yr on $139,197 invested. Return on cash invested prints 22.21% in year one, and rental yield reads 8% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 114.98% and total cumulative return in cash sums $160,044. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,801/mo property income covering a $2,055/mo payment, not borrower’s personal income.

Single Family

Built in 2023

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Better than new, this home offers exceptional upgrades, including new quality stainless steel appliances, premium laminate flooring, new carpet and energy-efficient window treatments. The cozy and welcoming interior is complemented by its prime location on a curved, quiet street, providing added privacy.Situated on one of the largest lots in the community at 2,065 sqft, the property backs up to a protected green space where you can enjoy watching birds, squirrels, and even the occasional deer from your paved patio.Conveniently located within walking distance to parks, restaurants, a new tap house, coffee shops, and just across Highway 99 from Providence Hospital, this home truly has it all!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,751 (100%)
Owner Occupied HU	8,243 (64.6%)
Renter Occupied HU	3,884 (30.5%)
Vacant Housing Units	624 ( 4.9%)
Median Home Value	$557,408
Average Home Value	$619,628