1502 Timothy St, Philomath, OR, 97370 | $1,336/mo Cash Flow

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1502 Timothy St, Philomath, OR, 97370 | $1,336/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

Investment property for sale in Philomath at 1502 Timothy St, Philomath, OR, 97370 listed at $460,000 pairs $4,112/mo rent with a $2,251/mo payment to leave $1,336/mo cash flow. Total monthly income runs $4,112/mo, and annual cash flow reaches $16,030/yr on $152,490 cash to close. Return on cash invested measures 30.42% in year one, and rental yield registers 10.73% at a $460,000 basis. Equity gained on principal adds $2,968/yr, and annual property appreciation at 5% supports $127,090 by year five. Five-year ROI tracks 159.01% and total cumulative return in cash totals $242,473. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,112/mo property income relative to a $2,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2022

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Exceptional 4-bed, 2.5-bath home in Millpond Crossing. Built in 2022, this well-maintained home features luxury vinyl plank flooring, granite countertops, stainless steel appliances, a walk-in pantry, and an electric fireplace. All bedrooms and laundry are upstairs, along with a flexible loft space. Prior grading was professionally addressed, with no flooding or boundary issues reported. Great location near top-rated schools and minutes to Corvallis. Welcome to 1502 Timothy St, an exceptional 4-bedroom, 2.5-bath home nestled in the Millpond Crossing community of Philomath. Thoughtfully built in 2022 and thoroughly vetted prior to purchase, this home offers peace of mind with well-managed grading, proper drainage, and clean boundariesno surprises here. This modern home offers a perfect balance of elegant design, comfort, and functionalityideal for todays lifestyles. Step inside to a bright and open main level featuring luxury vinyl plank flooring, a cozy electric fireplace, and a spacious layout that seamlessly connects the living, dining, and kitchen areas. The gourmet kitchen is a showstopper, complete with granite countertops, stainless steel appliances, a walk-in pantry, undermount sink, and stylish cabinetryperfect for entertaining or everyday living. Upstairs, you'll find all four bedrooms, including a generous primary suite with a walk-in closet and ensuite bath. A versatile loft provides the perfect space for a home office, media area, or playroom. The convenient upstairs laundry room keeps daily chores simple and contained. This home is thoughtfully equipped with a dual-zone HVAC system for personalized comfort year-round. Step outside to a fully fenced backyard with low-maintenance landscapingideal for relaxing, entertaining, or play. The attached 2-car garage offers plenty of room for parking and storage. Millpond Crossing is a quiet, newer neighborhood surrounded by scenic views and outdoor recreation. Enjoy being just minutes from highly rated Philomath schools, restaurants, parks, and local amenities. Oregon State University and Corvallis are just a 10-minute drive away, making this an excellent option for commuters, university employees, or anyone looking for a small-town feel with easy access to a vibrant city. Don't miss the opportunity to make this beautifully upgraded, move-in-ready home yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,001 (100%)
Owner Occupied HU	2,776 (69.4%)
Renter Occupied HU	1,070 (26.7%)
Vacant Housing Units	155 ( 3.9%)
Median Home Value	$537,267
Average Home Value	$568,482