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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% |
Rental property for sale in Philomath at 2624 Applegate St, Philomath, OR, 97370 generates $2,658/mo in rent, after a $2,361/mo payment. Total monthly income is $2,658/mo. Return on cash invested sits at 18% in year one, and rental yield is 6.61% on a $482,400 entry. Equity gained on principal adds $3,113/yr, while 5% annual appreciation builds toward $133,278 over five years. Five-year ROI reaches 92.44% and total cumulative return in cash sums $147,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,658/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,776 (69.4%) |
| Renter Occupied HU | 1,070 (26.7%) |
| Vacant Housing Units | 155 ( 3.9%) |
| Median Home Value | $537,267 |
| Average Home Value | $568,482 |
Residential
3,745
Single Family
3,311
Multi-Family
434
Businesses
330
Date | Event | Price |
|---|---|---|
| 2025-12-05 | Listing removed | N/A |
| 2025-09-24 | Listed for sale | $489,000 |
| 2021-08-05 | Sold | $390,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-19 | $3898.56 | 2.34% | $193,001 | 3.00% |
| 2023-12-19 | $3809.24 | 2.99% | $187,380 | 3.00% |
| 2022-12-19 | $3698.48 | 2.92% | $181,922 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
