244 Gwinn St EMonmouthOR97361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Monmouth at 244 Gwinn St E, Monmouth, OR, 97361 priced at $319,850 converts $2,236/mo rent into $305/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,236/mo, and annual cash flow totals $3,658/yr on $106,030 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.39% against a $319,850 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,369 by year five. Five-year ROI reaches 121.14% and total cumulative return in cash sums $128,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,236/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97361, Monmouth, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,186 (100%) |
| Owner Occupied HU | 2,675 (51.6%) |
| Renter Occupied HU | 2,147 (41.4%) |
| Vacant Housing Units | 364 ( 7.0%) |
| Median Home Value | $435,162 |
| Average Home Value | $482,953 |
Housing Distribution
Address Breakdown
Residential
4,775
Single Family
4,475
Multi-Family
300
Businesses
259
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Nearby investment properties with comparable prices
Listed by: DIETER WEHNER • Ihomes
Mls Name: WVMLS
Mls Provider:
Mls ID: #822399
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.