2678 Drift Creek Rd NESilvertonOR97381
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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 Silverton at 2678 Drift Creek Rd NE, Silverton, OR, 97381 priced at $1,690,000 converts $1,980/mo rent into after a $8,272/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 2.35% in year one, and rental yield reads 1.41% against a $1,690,000 entry. Equity gained on principal adds $10,905/yr, while 5% annual appreciation compiles into $466,916 by year five. Five-year ROI reaches 8.39% and total cumulative return in cash sums $45,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $8,272/mo payment, not borrower’s personal income.
Single Family
Built in N/A
52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97381, Silverton, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,528 (100%) |
| Owner Occupied HU | 4,593 (70.4%) |
| Renter Occupied HU | 1,674 (25.6%) |
| Vacant Housing Units | 261 ( 4.0%) |
| Median Home Value | $585,629 |
| Average Home Value | $626,464 |
Housing Distribution
Address Breakdown
Residential
6,061
Single Family
5,752
Multi-Family
309
Businesses
560
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