1655 S Elm St UNIT 3, Canby, OR, 97013 | $334/mo Cash Flow

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1655 S Elm St UNIT 3, Canby, OR, 97013 | $334/mo Cash Flow | 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

Investment property for sale in Canby at 1655 S Elm St UNIT 3, Canby, OR, 97013 earns $334/mo cash flow from $1,390/mo rent with a $856/mo payment. Total monthly income totals $1,390/mo, and annual cash flow totals $4,012/yr on $57,979 capital. ROI tracks 26.83% on current figures, and rental yield reads 9.54% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash sums $81,060. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,390/mo property income instead of your personal income.

Manufactured

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this fantastic 3-bedroom, 2-bath home with a dedicated office, nestled at the top of a private cul-de-sac. The desirable split layout features a spacious master suite separate from the other two bedrooms and bath. Enjoy vaulted ceilings in the living areas, a dining room that opens to the patio, and practical features like a detached 2-car garage, a roof that was replaced in 2023 and an AC that blows cold!!! Located in Village on the Lochs, you'll have private access to Canby City Park and the river. Space rent is $1,150.

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