254 & 238 3rd St NE, Toledo, OR, 97391 | 4.34% Rental Yield

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254 & 238 3rd St NE, Toledo, OR, 97391 | 4.34% Rental Yield | Ziffy

For Sale

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 Toledo at 254 & 238 3rd St NE, Toledo, OR, 97391 generates $1,308/mo in rent, after a $1,772/mo payment. Total monthly income is $1,308/mo. Return on cash invested sits at 11.14% in year one, and rental yield is 4.34% on a $362,000 entry. Equity gained on principal adds $2,336/yr, while 5% annual appreciation builds toward $100,014 over five years. Five-year ROI reaches 55.6% and total cumulative return in cash sums $66,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.

Single Family

Built in 1938

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Wonderful views from this property. Private feel in the middle of town. Plenty room to grow a garden. Room for ducks & chickens. Two lots for one price. Lot 238 NE 3rd is included. Check with city on buildability . Fixer House needs some love. Perfect for the motivated buyer. Some mature landscaping on property adds to the peaceful private feel.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97391, Toledo, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,446 (100%)
Owner Occupied HU	1,607 (65.7%)
Renter Occupied HU	642 (26.2%)
Vacant Housing Units	197 ( 8.1%)
Median Home Value	$449,501
Average Home Value	$609,482