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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dallas at 2204 SE Rhododendron Ave, Dallas, OR, 97338 priced at $489,900 pairs $2,806/mo rent with after a $2,398/mo payment. Total monthly income equals $2,806/mo. Return on cash invested is 17.82% in year one, and rental yield stands at 6.87% on a $489,900 basis. Equity gained on principal adds $3,161/yr, and 5% annual appreciation accumulates to $135,350 by year five. Five-year ROI measures 91.77% and total cumulative return in cash reaches $149,033. For financing, Ziffy Mortgage’s DSCR program evaluates $2,806/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
4,559 sqft lot
$N/A/sqft
$1,584 annually HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $489,900 |
| 2021-07-20 | Sold | $420,000 |
| 2021-06-23 | Pending sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $3500.08 | 2.69% | $250,500 | 3.00% |
| 2022-04-14 | $3408.31 | 2.83% | $243,210 | 3.00% |
| 2021-04-14 | $3314.55 | 2.95% | $236,130 | 3.00% |
Listed by: AMY CLARK • Brighthome Real Estate Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #826231
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.
