217 SE Mill StMyrtle CreekOR97457
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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
Investment property for sale in Myrtle Creek at 217 SE Mill St, Myrtle Creek, OR, 97457 uses $52,709 cash to close to unlock $2,886/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $778/mo payment keeps the spread at $240/mo. Purchase price stands at $159,000, and rental yield measures 9.06% with $1,200/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 132.02% and total cumulative return in cash records $69,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1960
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
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Listed by: Tracy Grubbs • eXp Realty, LLC
Mls Name: RMLS (OR)
Mls ID: #333634631