1501 Washington StIndependenceOR97351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 1501 Washington St, Independence, OR, 97351 priced at $445,000 pairs $2,741/mo rent with $26/mo cash flow after a $2,178/mo payment. Total monthly income equals $2,741/mo, and annual cash flow comes to $308/yr on $147,518 invested. Return on cash invested is 20.12% in year one, and rental yield stands at 7.39% on a $445,000 basis. Equity gained on principal adds $2,872/yr, and 5% annual appreciation accumulates to $122,945 by year five. Five-year ROI measures 103.84% and total cumulative return in cash reaches $153,188. For financing, Ziffy Mortgage’s DSCR program evaluates $2,741/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
6,098 sqft lot
$N/A/sqft
$88 quarterly 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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Nearby investment properties with comparable prices
Listed by: ELIZABETH BOISVERT • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #827315
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.