2840 Newton Pl, Philomath, OR, 97370 | $337/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1722 sft

2622 NW Satinwood St, Corvallis, OR, 97330

2 Bed
2 Bath
982 sft

1833 2nd Ave SE, Albany, OR, 97321

8 Bed
4 Bath
3260 sft

2920 Railroad St SE, Albany, OR, 97322

5055 NE ELLIOTT CIR, #180 Plan, Knoll Terrace

3 Bed
2 Bath
1512 sft

5055 NE ELLIOTT CIR, #180 Plan, Knoll Terrace, Corvallis, OR, 97330

Nearby investment properties with comparable prices

2 Bed
1 Bath
776 sft

512 9th Ave SW, Albany, OR, 97321

5055 NE ELLIOTT CIR #110 Plan, Knoll Terrace

3 Bed
2 Bath
1300 sft

5055 NE ELLIOTT CIR #110 Plan, Knoll Terrace, Corvallis, OR, 97330

5055 NE ELLIOTT CIR, P2752 Plan, Knoll Terrace

3 Bed
2 Bath
1404 sft

5055 NE ELLIOTT CIR, P2752 Plan, Knoll Terrace, Corvallis, OR, 97330

3 Bed
2 Bath
1440 sft

34715 Riverside Dr, Albany, OR, 97321

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Philomath at 2840 Newton Pl, Philomath, OR, 97370 listed at $254,500 pairs $1,874/mo rent with a $1,246/mo payment to leave $337/mo cash flow. Total monthly income runs $1,874/mo, and annual cash flow reaches $4,049/yr on $84,367 cash to close. Return on cash invested measures 24.71% in year one, and rental yield registers 8.84% at a $254,500 basis. Equity gained on principal adds $1,642/yr, and annual property appreciation at 5% supports $70,314 by year five. Five-year ROI tracks 128.4% and total cumulative return in cash totals $108,331. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,874/mo property income relative to a $1,246/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1978

871.20 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

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