184 Willow Way E, Monmouth, OR, 97361 | 6.76% Rental Yield

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184 Willow Way E, Monmouth, OR, 97361 | 6.76% Rental Yield | 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

Rental property for sale in Monmouth at 184 Willow Way E, Monmouth, OR, 97361 priced at $465,000 pairs $2,620/mo rent with after a $2,276/mo payment. Total monthly income equals $2,620/mo. Return on cash invested is 18.45% in year one, and rental yield stands at 6.76% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 94.87% and total cumulative return in cash reaches $146,243. For financing, Ziffy Mortgage’s DSCR program evaluates $2,620/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1978

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 2.5-bath home in Monmouth featuring an updated kitchen with quartz countertops new cabinet, sink, and faucet. Bathrooms have been refreshed with new shower in primary, vanities, tile floors, sinks, and faucets. Recent updates include a new roof (2021), exterior paint (2024) interior paint (2020) & double-pane windows (2020). Enjoy the enclosed screened patio, perfect for relaxing. Additional office space. Conveniently located near Western Oregon University. See add features in Docs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97361, Monmouth, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,186 (100%)
Owner Occupied HU	2,675 (51.6%)
Renter Occupied HU	2,147 (41.4%)
Vacant Housing Units	364 ( 7.0%)
Median Home Value	$435,162
Average Home Value	$482,953