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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 Woodburn at 2374 N Boones Ferry Rd, Woodburn, OR, 97071 priced at $650,000 converts $3,258/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,258/mo. Return on cash invested prints 16.33% in year one, and rental yield reads 6.01% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 83.4% and total cumulative return in cash sums $178,346. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,258/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1914
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
Date | Event | Price |
|---|---|---|
| 2024-07-29 | Listed for sale | $650,000 |
| 2015-04-09 | Listing removed | $390,000 |
| 2015-02-28 | Listed for sale | $390,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5657.91 | N/A | $277,620 | N/A |
| 2022-10-15 | N/A | N/A | $277,620 | 3.00% |
| 2021-10-15 | $5363.66 | 3.08% | $269,540 | 6.09% |
Listed by: NICOLE SHUBA • Manor Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #818614
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.
