251 Surrey Dr, Grants Pass, OR, 97526 | $569/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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251 Surrey Dr, Grants Pass, OR, 97526 | $569/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

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

Rental property for sale in Grants Pass at 251 Surrey Dr, Grants Pass, OR, 97526 offers $3,280/mo rent that, after a $2,198/mo payment, leaves $569/mo cash flow. Total monthly income is $3,280/mo, and annual cash flow is $6,833/yr on $148,844 cash. Return on cash invested measures 24.5% in year one, and rental yield stands at 8.77% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 127.28% and total cumulative return in cash reaches $189,448. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,280/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1968

0.91 Acres lot

$N/A/sqft

No HOA

More details about the property

Bring your imagination, elbow grease and vision to this 3-bedroom 2-bath home and give it a new life. Absolutely fantastic neighborhood with mature trees , gardening areas , room to roam for children and fenced. Unlimited potential for redesigning inside - open spaces - Large floor plan. A stone fireplace greets you in the living room, while the kitchen Bankette offers a place to sit and chat while dinner is being prepared. The huge family room off the kitchen offers plenty of space for entertaining. A bonus room and even a space for an office give the home even more opportunity for your creativity. In need of some fixing and updates, this home has the potential to be a forever home. The mostly flat, nearly 1 acre slightly sloped property features a lovely gazebo and room for the chickens in the large coop, and more storage in the 2 sheds. The garage is being remodeled into more storage space but could easily be converted back to a 2-car garage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97526, Grants Pass, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,159 (100%)
Owner Occupied HU	10,301 (63.7%)
Renter Occupied HU	4,965 (30.7%)
Vacant Housing Units	893 ( 5.5%)
Median Home Value	$452,498
Average Home Value	$500,393