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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% |
Investment property for sale in Philomath at 23835 Greasy Creek Rd, Philomath, OR, 97370 listed at $710,000 pairs $4,019/mo rent with a $3,475/mo payment. Total monthly income runs $4,019/mo. Return on cash invested measures 18.49% in year one, and rental yield registers 6.79% at a $710,000 basis. Equity gained on principal adds $4,582/yr, and annual property appreciation at 5% supports $196,160 by year five. Five-year ROI tracks 95.1% and total cumulative return in cash totals $222,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,019/mo property income relative to a $3,475/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
1.03 Acres lot
$N/A/sqft
$460 annually HOA
Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.
| 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 |
Residential
3,745
Single Family
3,311
Multi-Family
434
Businesses
330
Date | Event | Price |
|---|---|---|
| 2025-08-18 | Listed for sale | $710,000 |
| 2025-05-29 | Listing removed | $700,000 |
| 2025-05-08 | Price change | $700,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-21 | $4444.88 | 2.09% | $321,558 | 3.00% |
| 2023-08-21 | $4353.79 | 2.95% | $312,192 | 3.00% |
| 2022-08-21 | $4229.16 | 2.84% | $303,099 | 3.00% |
Listed by: JILL SCHUSTER • Triple Oaks Realty-Corvallis Branch
Mls Name: WVMLS
Mls Provider:
Mls ID: #832707
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.
