1500 Carobelle CtCottage GroveOR97424
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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 Cottage Grove at 1500 Carobelle Ct, Cottage Grove, OR, 97424 generates $2,317/mo in rent, after a $2,006/mo payment. Total monthly income is $2,317/mo. Return on cash invested sits at 18.52% in year one, and rental yield is 6.78% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 95.24% and total cumulative return in cash sums $129,412. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97424, Cottage Grove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,705 (100%) |
| Owner Occupied HU | 5,224 (67.8%) |
| Renter Occupied HU | 2,102 (27.3%) |
| Vacant Housing Units | 379 ( 4.9%) |
| Median Home Value | $498,856 |
| Average Home Value | $538,638 |
Housing Distribution
Address Breakdown
Residential
7,261
Single Family
6,676
Multi-Family
585
Businesses
622
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Listed by: D. SCOTT HARTZELL • Wonderland Realty, Inc
Mls Name: WVMLS
Mls ID: #836811