1655 S Elm St UNIT 302, Canby, OR, 97013 | $297/mo Cash Flow

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1655 S Elm St UNIT 302, Canby, OR, 97013 | $297/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 302, Canby, OR, 97013 offers a 9.4% rental yield on a $165,000 purchase with $1,293/mo rent. Total monthly income registers $1,293/mo, and a $808/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,559/yr on $54,698 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 137.58% and total cumulative return in cash at $75,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,293/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this incredible apartment alternative! 1-level living, vaulted ceilings, a large primary suite, XL garage, and a fido-ready fenced yard all just a stones throw from the best of Canby. Step inside and you walk into a large living and dining room all your own...cook amazing meals in the updated kitchen or gather with friends inside or out back. The layout is perfect for real life, with the bedrooms on opposite ends of the home you get privacy while still having room for all. Get your hands dirty planting a garden outside, work on those projects you've always wanted to in the the XL, oversized garage, and start living the great life you've been waiting for!

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