213 Engle Ave, Molalla, OR, 97038 | $1,181/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

213 Engle Ave, Molalla, OR, 97038 | $1,181/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2294 sft

36175 S 213th Hwy, Molalla, OR, 97038

4 Bed
2 Bath
1756 sft

33295 S Sawtell Rd, Molalla, OR, 97038

Investment Property+ 1 more

8 Bed
4 Bath
3591 sft

4434-4440 Lancaster Dr NE, Salem, OR, 97305

4 Bed
4 Bath
2705 sft

2419 Kodiak Ct NE, Salem, OR, 97305

Nearby investment properties with comparable prices

4 Bed
4 Bath
1893 sft

802-806 Stark St, Silverton, OR, 97381

3 Bed
2 Bath
1493 sft

4716 Milo Ave NE, Salem, OR, 97301

3 Bed
3 Bath
1430 sft

5039 Caplinger Rd SE, Salem, OR, 97317

3 Bed
2 Bath
1420 sft

1496 Foxglove St, Woodburn, OR, 97071

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Molalla at 213 Engle Ave, Molalla, OR, 97038 earns $1,181/mo cash flow from $4,199/mo rent with a $2,447/mo payment. Total monthly income totals $4,199/mo, and annual cash flow totals $14,174/yr on $165,750 capital. ROI tracks 28.46% on current figures, and rental yield reads 10.08% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 148.52% and total cumulative return in cash sums $246,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,199/mo property income instead of your personal income.

Multi Family

Built in 1930

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Updated 1930s Bungalow with ADU Move-In Ready with Income Potential! Step into timeless character and modern comfort in this updated 1930s bungalow, fully remodeled in 20172018 with thoughtful upgrades throughout. The 3-bedroom, 1.5-bath main house features updated plumbing, water heater, electrical, flooring (laminate, tile, carpet), windows, and a fully remodeled kitchen and primary half bathroom. A 2019 HVAC installation ensures year-round comfort. Classic charm remains with original hardwood preserved under the living room carpet. Tucked away behind the main home is a fully remodeled 2-bedroom, 1-bath ADU, updated with a new roof, windows, plumbing, and flooring in 2017. This unit offers flexibility as guest space, extended family housing, or rental income. The current tenant is reliable, month-to-month, and would love to stay if the buyer wishes. Access to the ADU via the alley between East 2nd and East 3rd Street. With modern systems, stylish finishes, and excellent income potential, this home is ideal for multi-generational living, investors, or anyone seeking a turn-key opportunity with vintage charm. Shown by appointment only - Do not disturb the tenant.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97038, Molalla, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,347 (100%)
Owner Occupied HU	4,570 (72.0%)
Renter Occupied HU	1,563 (24.6%)
Vacant Housing Units	214 ( 3.4%)
Median Home Value	$625,652
Average Home Value	$708,097