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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Woodburn at 1878 Rainier Rd, Woodburn, OR, 97071 priced at $269,997 converts $2,194/mo rent into $564/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,194/mo, and annual cash flow totals $6,765/yr on $89,504 invested. Return on cash invested prints 27.47% in year one, and rental yield reads 9.75% against a $269,997 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,595 by year five. Five-year ROI reaches 143.19% and total cumulative return in cash sums $128,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,194/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1966
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
Date | Event | Price |
|---|---|---|
| 2024-10-01 | Price change | $269,997 |
| 2024-09-26 | Price change | $279,997 |
| 2024-09-13 | Price change | $289,997 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2394.44 | 2.41% | $117,490 | N/A |
| 2022-10-15 | $2338.18 | 3.01% | $117,490 | 3.00% |
| 2021-10-15 | $2269.89 | 3.07% | $114,070 | 6.08% |
Listed by: LORNA MURRAY • Re/Max Equity Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #820651
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.
