184 SE Cordelia DrMyrtle CreekOR97457
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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 Myrtle Creek at 184 SE Cordelia Dr, Myrtle Creek, OR, 97457 at $319,000 posts ROI 11.68% with from $1,200/mo rent. Total monthly income equals $1,200/mo. Return on cash invested measures 11.68% and rental yield reads 4.51% at the current $319,000. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 by year five. Five-year ROI prints 58.5% and total cumulative return in cash totals $61,861. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,200/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1999
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
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Listed by: Carol Block • Stellar Realty Northwest
Mls Name: RMLS (OR)
Mls ID: #694571896