1515 NE Meyers LnCorbettOR97019
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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 Corbett at 1515 NE Meyers Ln, Corbett, OR, 97019 generates $3,840/mo in rent and, after a $2,447/mo payment, leaves $822/mo in cash flow. Total monthly income is $3,840/mo, and annual cash flow is $9,867/yr on $165,717 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 9.22% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 134.58% and total cumulative return in cash sums $223,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,840/mo property income rather than buyer’s personal income.
Manufactured
Built in 1968
5.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97019, Corbett, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 915 (78.0%) |
| Renter Occupied HU | 182 (15.5%) |
| Vacant Housing Units | 76 ( 6.5%) |
| Median Home Value | $694,042 |
| Average Home Value | $757,249 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
968
Multi-Family
3
Businesses
111
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