2901 E 2nd St UNIT 51, Newberg, OR, 97132 | $198/mo Cash Flow

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2901 E 2nd St UNIT 51, Newberg, OR, 97132 | $198/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 51, Newberg, OR, 97132 listed at $108,000 pairs $850/mo rent with a $529/mo payment to leave $198/mo cash flow. Total monthly income runs $850/mo, and annual cash flow reaches $2,372/yr on $35,802 cash to close. Return on cash invested measures 26.54% in year one, and rental yield registers 9.44% at a $108,000 basis. Equity gained on principal adds $697/yr, and annual property appreciation at 5% supports $29,838 by year five. Five-year ROI tracks 138.21% and total cumulative return in cash totals $49,484. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $850/mo property income relative to a $529/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1977

3,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover comfort and style in this beautifully updated 2-bedroom, 2-bathroom Hillcrest mobile home. Recent renovations include luxury vinyl plank (LVP) flooring throughout, complemented by fresh carpeting in both bedrooms for added coziness. The spacious master suite features a modern walk-in shower and a charming sitting area with a large vanity mirror, perfect for daily relaxation. The open-concept layout boasts a bright and airy living room that flows seamlessly into a well-appointed galley kitchen. Enjoy cooking with a double oven, ample counter space, a convenient breakfast bar, a small pantry, and a cozy kitchen nook for casual dining. Step outside to a large front deck, ideal for morning coffee or evening relaxation, with stairs leading to both the front and a quaint backyard. The home is topped with a durable rubberized membrane roof and equipped with a newer heat pump for energy-efficient heating and cooling year-round. Located in a sought-after 55+ community in Newberg, this mobile home offers an affordable lot rent of $575/month. Don't miss your chance to own this gem!

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