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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Willamina at 262 SW Polk St, Willamina, OR, 97396 priced at $279,900 converts $960/mo rent into after a $1,370/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 10.47% in year one, and rental yield reads 4.12% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 52.07% and total cumulative return in cash sums $48,313. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97396, Willamina, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,346 (100%) |
| Owner Occupied HU | 929 (69.0%) |
| Renter Occupied HU | 352 (26.2%) |
| Vacant Housing Units | 65 ( 4.8%) |
| Median Home Value | $369,212 |
| Average Home Value | $410,619 |
Residential
1,002
Single Family
1,001
Multi-Family
1
Businesses
84
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $279,900 |
| 2024-11-08 | Sold | $179,000 |
| 2024-10-25 | Pending sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-23 | $910.31 | 4.34% | $83,145 | 3.00% |
| 2022-04-23 | $872.42 | 1.40% | $80,723 | 3.00% |
| 2021-04-23 | $860.34 | 3.23% | $78,372 | 3.00% |
No similar rental properties found nearby.
Listed by: Danielle Jackson • Willcuts Company Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #543312074
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 2025-04-23 11:29:02 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.
