2038 Morning View Dr, Eugene, OR, 97405 | 4.07% Rental Yield

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2038 Morning View Dr, Eugene, OR, 97405 | 4.07% Rental Yield | 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 Eugene at 2038 Morning View Dr, Eugene, OR, 97405 generates $2,880/mo in rent, after a $4,160/mo payment. Total monthly income is $2,880/mo. Return on cash invested sits at 10.4% in year one, and rental yield is 4.07% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 51.63% and total cumulative return in cash sums $144,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in a quiet pocket of Southwest Eugene, this home offers a blend of comfort and elegance with a wonderful layout. The thoughtful design features mostly main level living and boasts 3 spacious bedrooms, four bathrooms and an office with its own entrance. On the main level you'll find the primary suite with a fully remodeled bathroom and walk-in closet, the updated kitchen with stainless steel appliances, family room, office, laundry room, and formal living and dining rooms. Upstairs features two en-suite bedrooms. Step outside to enjoy the park like setting complete with mature landscaping, expansive deck and serene water feature. The oversized garage provides ample storage and workspace. This home is a rare find, combining functionality and classic style in a sought-after location. Don't miss the opportunity to make 2038 Morning View Drive your new home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97405, Eugene, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,569 (100%)
Owner Occupied HU	13,487 (65.6%)
Renter Occupied HU	5,960 (29.0%)
Vacant Housing Units	1,122 ( 5.5%)
Median Home Value	$610,753
Average Home Value	$665,497