2 Lewis CirMilton FreewaterOR97862
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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
Rental property for sale in Milton Freewater at 2 Lewis Cir, Milton Freewater, OR, 97862 priced at $450,000 pairs $2,821/mo rent with $104/mo cash flow after a $2,203/mo payment. Total monthly income equals $2,821/mo, and annual cash flow comes to $1,251/yr on $149,175 invested. Return on cash invested is 20.75% in year one, and rental yield stands at 7.52% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 107.16% and total cumulative return in cash reaches $159,858. For financing, Ziffy Mortgage’s DSCR program evaluates $2,821/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97862, Milton Freewater, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,942 (100%) |
| Owner Occupied HU | 2,968 (60.1%) |
| Renter Occupied HU | 1,458 (29.5%) |
| Vacant Housing Units | 516 (10.4%) |
| Median Home Value | $336,717 |
| Average Home Value | $392,433 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
4,382
Multi-Family
57
Businesses
376
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Listed by: Dawn Blalack • Keller Williams PDX Central
Mls Name: RMLS (OR)
Mls ID: #390592111