2008 N Carol Ave, Newberg, OR, 97132 | $219/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2008 N Carol Ave, Newberg, OR, 97132 | $219/mo Cash Flow | Ziffy

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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 Newberg at 2008 N Carol Ave, Newberg, OR, 97132 generates $2,874/mo in rent and, after a $2,153/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,874/mo, and annual cash flow is $2,625/yr on $145,827 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.84% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 112.29% and total cumulative return in cash sums $163,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,874/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Adorable single-level home on a spacious lot with a fantastic cul-de-sac location, just minutes from George Fox University, Newberg High School, and the new Chehalem Aquatic Center. This move-in ready charmer has been thoughtfully updated with luxury vinyl plank flooring, fresh interior paint, stylish new lighting, and new interior and exterior doors (2024). The refreshed curb appeal and modern finishes give this home a bright, welcoming feel.Major systems are in great shape with furnace and A/C approximately 4 years old. Kitchen appliances shine too; newer dishwasher and refrigerator (2023) plus newer washer and dryer (2023) are included with an acceptable offer. The property features a one-car attached garage along with a nearly new backyard shed (10x7.5), providing plenty of additional storage. The oversized, fully fenced backyard offers garden space, a grilling patio, and room to play or entertain. With George Fox University and beautiful wine country nearby, this home also offers excellent investment potential!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,751 (100%)
Owner Occupied HU	8,243 (64.6%)
Renter Occupied HU	3,884 (30.5%)
Vacant Housing Units	624 ( 4.9%)
Median Home Value	$557,408
Average Home Value	$619,628