2901 E 2nd St UNIT 109, Newberg, OR, 97132 | $197/mo Cash Flow

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2901 E 2nd St UNIT 109, Newberg, OR, 97132 | $197/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newberg at 2901 E 2nd St UNIT 109, Newberg, OR, 97132 uses $38,123 cash to close to unlock $2,361/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $891/mo, and a $563/mo payment keeps the spread at $197/mo. Purchase price stands at $115,000, and rental yield measures 9.3% with $891/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 135.85% and total cumulative return in cash records $51,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $891/mo property income covering a $563/mo payment rather than investor’s personal income.

Manufactured

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

This Beautiful Home in 55+ Community is located in the heart of Wine Country only 30 minutes from Portland and Salem. Also close to Shopping, Restaurants and Hospital. With Space rent of only $675 per month. This 1440 sq. ft. home is very affordable and ready for a new owner. You will enjoy all this home has to offer. Home includes a nice carport with attached tool shed, 2 large bedrooms and 2 bathrooms along with a living room and family room and Dining room. The kitchen provides lots of counter space and storage. Trash, Water and Sewer are all included in the monthly space rent. Buyers must be 55+ and approved by management. This home is close to some of the most amazing wineries in the state. Call and schedule your showing today. This home will not disappoint!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,751 (100%)
Owner Occupied HU	8,243 (64.6%)
Renter Occupied HU	3,884 (30.5%)
Vacant Housing Units	624 ( 4.9%)
Median Home Value	$557,408
Average Home Value	$619,628