224 S 24th StPhilomathOR97370
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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
Rental property for sale in Philomath at 224 S 24th St, Philomath, OR, 97370 generates $2,552/mo in rent and, after a $2,002/mo payment, leaves $83/mo in cash flow. Total monthly income is $2,552/mo, and annual cash flow is $997/yr on $135,584 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 7.49% on a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash sums $144,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,552/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,776 (69.4%) |
| Renter Occupied HU | 1,070 (26.7%) |
| Vacant Housing Units | 155 ( 3.9%) |
| Median Home Value | $537,267 |
| Average Home Value | $568,482 |
Housing Distribution
Address Breakdown
Residential
3,745
Single Family
3,311
Multi-Family
434
Businesses
330
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