21986 Laurel Ave NE, Aurora, OR, 97002 | $632/mo Cash Flow

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21986 Laurel Ave NE, Aurora, OR, 97002 | $632/mo Cash Flow | Ziffy

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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

Investment property for sale in Aurora at 21986 Laurel Ave NE, Aurora, OR, 97002 earns $632/mo cash flow from $2,359/mo rent with a $1,400/mo payment. Total monthly income totals $2,359/mo, and annual cash flow totals $7,590/yr on $94,809 capital. ROI tracks 27.91% on current figures, and rental yield reads 9.9% at a $286,000 purchase. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,017 over five years. Five-year ROI reaches 145.59% and total cumulative return in cash sums $138,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,359/mo property income instead of your personal income.

Manufactured

Built in 1975

10,019 sqft lot

$N/A/sqft

No HOA

More details about the property

21986 Laurel Ave NE, Aurora, OR 97002 is a mobile / manufactured home that contains 1,960 sq ft and was built in 1975. It contains 3 bedrooms and 2 bathrooms. This home last sold for $286,000 in August 2023. The Zestimate for this house is $312,900. The Rent Zestimate for this home is $1,966/mo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97002, Aurora, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,226 (100%)
Owner Occupied HU	1,742 (78.3%)
Renter Occupied HU	385 (17.3%)
Vacant Housing Units	99 ( 4.4%)
Median Home Value	$613,762
Average Home Value	$718,571