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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 Cornelius at 2515 S Heather St, Cornelius, OR, 97113 uses $185,852 cash to close to unlock $2,425/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $3,632/mo, and a $2,765/mo payment keeps the spread at $202/mo. Purchase price stands at $564,900, and rental yield measures 7.72% with $3,632/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $156,071 over five years. Five-year ROI reaches 110.49% and total cumulative return in cash records $205,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,632/mo property income covering a $2,765/mo payment rather than investor’s personal income.
Single Family
Built in 2020
4,356 sqft lot
$N/A/sqft
$20 monthly HOA
Neighborhood data shown for ZIP Code: 97113, Cornelius, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 4,145 (77.5%) |
| Renter Occupied HU | 1,095 (20.5%) |
| Vacant Housing Units | 108 ( 2.0%) |
| Median Home Value | $553,137 |
| Average Home Value | $629,304 |
Residential
5,243
Single Family
5,195
Multi-Family
48
Businesses
292
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $564,900 |
| 2024-10-02 | Price change | $574,900 |
| 2024-09-19 | Price change | $584,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5186.15 | 12.87% | $299,140 | 3.00% |
| 2022-10-15 | $4594.93 | 1.20% | $290,430 | N/A |
| 2021-10-15 | $4540.63 | 358.95% | N/A | N/A |
Listed by: Christopher Kelly • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24504362
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 06:54:16 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
