1601 Rhododendron Dr SPACE 521, Florence, OR, 97439 | 5.52% Rental Yield

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1601 Rhododendron Dr SPACE 521, Florence, OR, 97439 | 5.52% Rental Yield | 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

Rental property for sale in Florence at 1601 Rhododendron Dr SPACE 521, Florence, OR, 97439 generates $1,560/mo in rent, after a $1,659/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 14.72% in year one, and rental yield is 5.52% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 74.8% and total cumulative return in cash sums $84,064. 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 1981

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well-maintained 2-bedroom, 2-bathroom home nestled in the desirable 55+ gated community of Greentrees Village. Featuring a spacious living room with vaulted ceilings and attractive laminate flooring, this home offers both comfort and functionality. The kitchen comes equipped with a built-in range, built-in oven, and a convenient pantry for extra storage. The primary bedroom includes a walk-in closet and an en suite bathroom, providing a private retreat. The second bedroom also has direct access to a full bathroom, which connects to the laundry room for added convenience. Enjoy bonus spaces including an attached 1-car garage that opens into a large hobby room and an additional storage room (all equalling approximately 744 additional square feet)ideal for projects, crafts, or extra belongings. Step outside to beautifully maintained landscaping, a private backyard, and a cozy front seating area. Additional gravelled parking provides room for guests or extra vehicles.

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