185 Santiam Ave WDetroitOR97342
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Detroit at 185 Santiam Ave W, Detroit, OR, 97342 priced at $799,000 converts $2,264/mo rent into after a $3,911/mo obligation. Total monthly income equals $2,264/mo. Return on cash invested prints 8.38% in year one, and rental yield reads 3.4% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 40.76% and total cumulative return in cash sums $107,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,264/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97342, Detroit, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 88 (23.0%) |
| Renter Occupied HU | 24 ( 6.3%) |
| Vacant Housing Units | 270 (70.7%) |
| Median Home Value | $295,833 |
| Average Home Value | $435,369 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KATHY POWER • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #820825
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.