220 S 70th StSpringfieldOR97478
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,112/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 7.24% with $2,112/mo rent. Return on cash invested shows 19.9% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 102.63% and total cumulative return in cash records $119,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1972
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97478, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 10,304 (66.8%) |
| Renter Occupied HU | 4,596 (29.8%) |
| Vacant Housing Units | 529 ( 3.4%) |
| Median Home Value | $467,133 |
| Average Home Value | $522,825 |
Housing Distribution
Address Breakdown
Residential
15,037
Single Family
14,943
Multi-Family
94
Businesses
461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KATIE FINE • Premiere Property Group, Llc Albany
Mls Name: WVMLS
Mls Provider:
Mls ID: #825638
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.