2601 NE Jack London St UNIT 33CorvallisOR97330
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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
Investment property for sale in Corvallis at 2601 NE Jack London St UNIT 33, Corvallis, OR, 97330 offers a 19.39% rental yield on a $154,900 purchase with $2,503/mo rent. Total monthly income registers $2,503/mo, and a $758/mo payment leaves $1,568/mo available for distribution. Annual cash flow reaches $18,818/yr on $51,349 to close, and return on cash invested stands at 56.56% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 299.24% and total cumulative return in cash at $153,656. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,503/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97330, Corvallis, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,045 (100%) |
| Owner Occupied HU | 9,393 (46.9%) |
| Renter Occupied HU | 9,497 (47.4%) |
| Vacant Housing Units | 1,155 ( 5.8%) |
| Median Home Value | $551,287 |
| Average Home Value | $560,609 |
Housing Distribution
Address Breakdown
Residential
19,019
Single Family
16,803
Multi-Family
2,216
Businesses
1,002
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Listed by: SAMANTHA ALLEY • Re/Max Integrity Corvallis Branch
Mls Name: WVMLS
Mls Provider:
Mls ID: #819691
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.