23326 Forbes RdSprague RiverOR97639
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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 Sprague River at 23326 Forbes Rd, Sprague River, OR, 97639 uses $58,013 cash to close to unlock $5,979/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,555/mo, and a $857/mo payment keeps the spread at $498/mo. Purchase price stands at $175,000, and rental yield measures 10.66% with $1,555/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 157.96% and total cumulative return in cash records $91,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,555/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1977
5.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97639, Sprague River, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 162 (100%) |
| Owner Occupied HU | 107 (66.0%) |
| Renter Occupied HU | 12 ( 7.4%) |
| Vacant Housing Units | 43 (26.5%) |
| Median Home Value | $260,417 |
| Average Home Value | $314,673 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
94
Multi-Family
7
Businesses
12
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Listed by: N/A • eXp Realty, LLC
Mls Name: Oregon Datashare
Mls ID: #220214334