1600 Rhododendron Dr Space 285FlorenceOR97439
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 Florence at 1600 Rhododendron Dr Space 285, Florence, OR, 97439 generates $1,560/mo in rent, after a $1,319/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 19.01% in year one, and rental yield is 6.95% on a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 97.88% and total cumulative return in cash sums $87,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97439, Florence, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,722 (61.1%) |
| Renter Occupied HU | 2,076 (22.2%) |
| Vacant Housing Units | 1,560 (16.7%) |
| Median Home Value | $526,815 |
| Average Home Value | $571,760 |
Housing Distribution
Address Breakdown
Residential
7,674
Single Family
7,218
Multi-Family
456
Businesses
655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices