246 NE Polk Station RdDallasOR97338
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 Dallas at 246 NE Polk Station Rd, Dallas, OR, 97338 priced at $180,000 converts $1,931/mo rent into $845/mo cash flow after a $881/mo obligation. Total monthly income equals $1,931/mo, and annual cash flow totals $10,134/yr on $59,670 invested. Return on cash invested prints 36.89% in year one, and rental yield reads 12.87% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 193.77% and total cumulative return in cash sums $115,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,931/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Housing Distribution
Address Breakdown
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: PHIL HYRE • Realty First Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #832778
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.