1655 S Elm St UNIT 2CanbyOR97013
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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
Investment property for sale in Canby at 1655 S Elm St UNIT 2, Canby, OR, 97013 offers a 8.38% rental yield on a $217,500 purchase with $1,519/mo rent. Total monthly income registers $1,519/mo, and a $1,065/mo payment leaves $206/mo available for distribution. Annual cash flow reaches $2,468/yr on $72,101 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $1,403/yr while 5% annual appreciation supports $60,091 over five years. Portfolio math shows five-year ROI at 121.01% and total cumulative return in cash at $87,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,519/mo property income against a $1,065/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
3,000 sqft 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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