247 Lorraine AveEagle PtOR97524
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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
Investment Highlights
Rental property for sale in Eagle Pt at 247 Lorraine Ave, Eagle Pt, OR, 97524 priced at $1,250,000 pairs $2,160/mo rent with after a $6,118/mo payment. Total monthly income equals $2,160/mo. Return on cash invested is 4.41% in year one, and rental yield stands at 2.07% on a $1,250,000 basis. Equity gained on principal adds $8,066/yr, and 5% annual appreciation accumulates to $345,352 by year five. Five-year ROI measures 19.45% and total cumulative return in cash reaches $78,757. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1977
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97524, Eagle Point, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,769 (100%) |
| Owner Occupied HU | 5,062 (74.8%) |
| Renter Occupied HU | 1,361 (20.1%) |
| Vacant Housing Units | 346 ( 5.1%) |
| Median Home Value | $504,183 |
| Average Home Value | $567,364 |
Housing Distribution
Address Breakdown
Residential
6,233
Single Family
6,037
Multi-Family
196
Businesses
305
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