23998 Highway 20, Philomath, OR, 97370 | 4.6% Rental Yield

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23998 Highway 20, Philomath, OR, 97370 | 4.6% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Philomath at 23998 Highway 20, Philomath, OR, 97370 listed at $750,000 pairs $2,876/mo rent with a $3,671/mo payment. Total monthly income runs $2,876/mo. Return on cash invested measures 12.03% in year one, and rental yield registers 4.6% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 60.35% and total cumulative return in cash totals $148,926. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,876/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2013

9.93 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on nearly 10 peaceful acres, this inviting property offers a true escape into nature w/ open space, a small orchard, and a seasonal creek meandering through the trees. Enjoy the tranquility of country livingmorning coffee on the porch, exploring the land, or simply unwinding in the quiet surroundings. The 2013-built MH offers a comfortable, open layout that connects seamlessly w/ the natural setting. A rare opportunity to enjoy space, privacy, and a slower pacejust minutes from town.

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