19 S Place Way, Lebanon, OR, 97355 | $318/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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19 S Place Way, Lebanon, OR, 97355 | $318/mo Cash Flow | 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 Lebanon at 19 S Place Way, Lebanon, OR, 97355 priced at $319,000 pairs $2,243/mo rent with $318/mo cash flow after a $1,561/mo payment. Total monthly income equals $2,243/mo, and annual cash flow comes to $3,814/yr on $105,749 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 8.44% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 121.99% and total cumulative return in cash reaches $129,001. For financing, Ziffy Mortgage’s DSCR program evaluates $2,243/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2000

N/A lot

$N/A/sqft

No HOA

More details about the property

Turn key, 2 bed, 2 bath condominium with garage! This complex is 55 and over, all owner occupied condominiums. With vaulted ceilings, no stairs, lots of storage, walk in shower, new roof, new energy efficient gas furnace and air conditioner, flooring and paint in neutral colors, you can move right in. Hospital and most services are all close by along with fishing, a lake, rivers, Summer concerts, numerous churches, a medical school, and Bend, Portland and ocean beaches only 1.5 hours away. Monthly dues cover the exterior and gardens so you don't have worry about yard work or cleaning the gutters! Located on a private drive with 2 vacant lots on each side, a gazebo, walking paths and a dog park 2 blocks away, you have many options for activity and relaxation. CALL OWNER FOR APPT. 541=570-7479. Will work with realtors / qualified buyers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97355, Lebanon, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,613 (100%)
Owner Occupied HU	8,894 (65.3%)
Renter Occupied HU	4,185 (30.7%)
Vacant Housing Units	534 ( 3.9%)
Median Home Value	$454,644
Average Home Value	$513,412