1951 Alder StElginOR97827
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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
Investment Highlights
Investment property for sale in Elgin at 1951 Alder St, Elgin, OR, 97827 offers a 8.12% rental yield on a $220,000 purchase with $1,488/mo rent. Total monthly income registers $1,488/mo, and a $1,077/mo payment leaves $160/mo available for distribution. Annual cash flow reaches $1,918/yr on $72,930 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 116.76% and total cumulative return in cash at $85,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,488/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97827, Elgin, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,310 (100%) |
| Owner Occupied HU | 865 (66.0%) |
| Renter Occupied HU | 297 (22.7%) |
| Vacant Housing Units | 148 (11.3%) |
| Median Home Value | $268,924 |
| Average Home Value | $360,358 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
937
Multi-Family
23
Businesses
81
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