








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Dallas at 185 SW Applegate Trail Dr, Dallas, OR, 97338 generates $2,660/mo in rent and, after a $1,933/mo payment, leaves $276/mo in cash flow. Total monthly income is $2,660/mo, and annual cash flow is $3,312/yr on $130,943 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 8.08% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 116.23% and total cumulative return in cash sums $152,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,660/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
7,550 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-08-13 | Sold | $395,000 |
| 2025-08-07 | Listed for sale | $395,000 |
| 2025-07-18 | Pending sale | $395,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2595.23 | 3.99% | $183,960 | 3.00% |
| 2023-10-19 | $2495.59 | 2.69% | $178,610 | 3.00% |
| 2022-10-19 | $2430.16 | 2.83% | $173,410 | 3.00% |



Listed by: VISAY NAGGI • Berkshire Hathaway Homeservices R E Prof
Mls Name: WVMLS
Mls Provider:
Mls ID: #831373
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.