1600 Rhododendron Dr SPACE 96FlorenceOR97439
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
Investment property for sale in Florence at 1600 Rhododendron Dr SPACE 96, Florence, OR, 97439 earns $277/mo cash flow from $2,351/mo rent with a $1,463/mo payment. Total monthly income totals $2,351/mo, and annual cash flow totals $3,320/yr on $99,119 capital. ROI tracks 23.26% on current figures, and rental yield reads 9.44% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 121.79% and total cumulative return in cash sums $120,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,351/mo property income instead of your personal income.
Single Family
Built in 1973
6,970 sqft lot
$N/A/sqft
$270 monthly 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
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Nearby investment properties with comparable prices
Listed by: MARK SHADRIN • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #826754
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.