23515 Clark Dr, Philomath, OR, 97370 | $549/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

23515 Clark Dr, Philomath, OR, 97370 | $549/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
4 Bath
2600 sft

19237 Alsea Hwy, Alsea, OR, 97324

4 Bed
2 Bath
2258 sft

23508 Lewis Dr, Philomath, OR, 97370

Nearby investment properties with comparable prices

3 Bed
2 Bath
2230 sft

27802 Vernon Rd, Alsea, OR, 97324

3 Bed
2 Bath
1756 sft

418 E Yates Rd, Alsea, OR, 97324

3 Bed
2 Bath
1560 sft

109 E Yates Pl, Alsea, OR, 97324

5 Bed
4 Bath
2600 sft

19237 Alsea Hwy, Alsea, OR, 97324

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Philomath at 23515 Clark Dr, Philomath, OR, 97370 uses $172,725 cash to close to unlock $6,583/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $3,718/mo, and a $2,570/mo payment keeps the spread at $549/mo. Purchase price stands at $525,000, and rental yield measures 8.5% with $3,718/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash records $213,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,718/mo property income covering a $2,570/mo payment rather than investor’s personal income.

Single Family

Built in 1978

0.92 Acres lot

$N/A/sqft

No HOA

More details about the property

Retreat to the forest! New granite counters and SS appliances in the kitchen. Vaulted ceilings & open concept upstairs with hand scraped java engineered wood floors throughout upper level. New carpet installed documents in Feb 2025. Modern paint colors including trim and new updated doors. Large master suite with huge walk in closet. Three decks outside to enjoy your almost one acre lot. Country living only 20 minutes from Corvallis/OSU.

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