216 Independence Way, Independence, OR, 97351 | $255/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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216 Independence Way, Independence, OR, 97351 | $255/mo Cash Flow | 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 Independence at 216 Independence Way, Independence, OR, 97351 priced at $415,000 pairs $2,760/mo rent with $255/mo cash flow after a $2,031/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $3,063/yr on $137,573 invested. Return on cash invested is 22.14% in year one, and rental yield stands at 7.98% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 114.61% and total cumulative return in cash reaches $157,665. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2003

4,792 sqft lot

$N/A/sqft

No HOA

More details about the property

This single-story home offers 3 bedrooms, 2 full bathrooms, and 1,390 sqft of well-designed living space. Set in a quiet, established neighborhood in Independence, it features a fully fenced backyard, covered patio, tool shed, and an attached two-car garage. Enjoy close proximity to local schools, parks, and the charming downtown area with shops, restaurants, and riverfront trails. Convenient access to OR-51 and nearby Monmouth makes commuting easy while still enjoying a peaceful small-town feel. OPEN HOUSE 8/2 1pm-4pm

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,369 (100%)
Owner Occupied HU	2,647 (60.6%)
Renter Occupied HU	1,605 (36.7%)
Vacant Housing Units	117 ( 2.7%)
Median Home Value	$427,687
Average Home Value	$490,376