1608 S Fern WayCanbyOR97013
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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 Canby at 1608 S Fern Way, Canby, OR, 97013 generates $1,921/mo in rent, after a $2,618/mo payment. Total monthly income is $1,921/mo. Return on cash invested sits at 11.14% in year one, and rental yield is 4.31% on a $534,900 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 55.61% and total cumulative return in cash sums $97,869. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,921/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97013, Canby, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,696 (100%) |
| Owner Occupied HU | 6,936 (71.5%) |
| Renter Occupied HU | 2,486 (25.6%) |
| Vacant Housing Units | 274 ( 2.8%) |
| Median Home Value | $597,733 |
| Average Home Value | $656,917 |
Housing Distribution
Address Breakdown
Residential
9,590
Single Family
9,178
Multi-Family
412
Businesses
856
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