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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 24230 Evergreen Rd, Philomath, OR, 97370 uses $189,175 cash to close to unlock $906/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $3,546/mo, and a $2,814/mo payment keeps the spread at $76/mo. Purchase price stands at $575,000, and rental yield measures 7.4% with $3,546/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 106% and total cumulative return in cash records $200,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,546/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1906
1.98 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-07-25 | Price change | $575,000 |
| 2024-07-06 | Price change | $599,900 |
| 2024-05-31 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $3767.88 | 2.94% | $243,860 | 3.00% |
| 2022-10-21 | $3660.25 | 2.83% | $236,757 | 3.00% |
| 2021-10-21 | $3559.35 | 2.26% | $229,861 | 3.00% |
Listed by: SETH WADDELL • Windermere Willamette Valley
Mls Name: WVMLS
Mls Provider:
Mls ID: #817175
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.
