26026 S Meridian RdAuroraOR97002
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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 Aurora at 26026 S Meridian Rd, Aurora, OR, 97002 generates $0/mo in rent, after a $2,961/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.96% in year one, and rental yield is 0% on a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation builds toward $167,150 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Manufactured
Built in 1882
0.83 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97002, Aurora, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,742 (78.3%) |
| Renter Occupied HU | 385 (17.3%) |
| Vacant Housing Units | 99 ( 4.4%) |
| Median Home Value | $613,762 |
| Average Home Value | $718,571 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,087
Multi-Family
143
Businesses
331
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $605,000 |
| 2018-09-04 | Sold | $350,400 |
| 2001-07-02 | Sold | $156,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $3116.27 | 6.23% | $222,954 | 3.00% |
| 2023-03-26 | $2933.60 | 3.29% | $216,461 | 3.00% |
| 2022-03-26 | $2840.17 | 4.12% | $210,157 | 3.00% |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1882
- Architectural Style: Other
- Building Area: 2,220
- Living Area: 2,220 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: Baseboard
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: Yard
- Parking Features: Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Well
- Road Surface Type: Gravel
School Information
- Elementary School: Other
- Middle School: Other
- High School: Canby
Listed by: Noelle Howe • Oregon First
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #338654136
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-26 12:21:01 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.