1467 S 7th St, Independence, OR, 97351 | 7.24% Rental Yield

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1467 S 7th St, Independence, OR, 97351 | 7.24% Rental Yield | 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 1467 S 7th St, Independence, OR, 97351 offers a 7.24% rental yield on a $440,000 purchase with $2,656/mo rent. 91% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 102.63% and total cumulative return in cash at $149,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,656/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained home featuring numerous updates throughout, including fresh interior paint, new appliances, updated flooring, roof (1 year ago) and new gutters. Conveniently located close to downtown, this property offers easy access to shopping, dining, and entertainment. Move-in ready and thoughtfully updated, its an excellent opportunity for buyers seeking comfort and convenience. Vacant. Call or text for showing instruction and courtesy. Hall closet is waiting on a door to come in that was special ordered.

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