2901 E 2nd St UNIT 60, Newberg, OR, 97132 | $243/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2901 E 2nd St UNIT 60, Newberg, OR, 97132 | $243/mo Cash Flow | Ziffy

For Sale

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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 60, Newberg, OR, 97132 uses $41,736 cash to close to unlock $2,919/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,003/mo, and a $616/mo payment keeps the spread at $243/mo. Purchase price stands at $125,900, and rental yield measures 9.56% with $1,003/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $34,784 over five years. Five-year ROI reaches 140.22% and total cumulative return in cash records $58,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,003/mo property income covering a $616/mo payment rather than investor’s personal income.

Manufactured

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming 3-Bedroom Home in 55+ Community on Corner Lot. This well-maintained 3-bedroom, 2-bath home offers 1,152 sq. ft. of comfortable single-level living in a friendly 55+ community. ** Open house, 10/26 : 2-4pm **...Featuring vaulted ceilings in the living room and an open-concept design, the home feels bright and spacious throughout. The kitchen boasts updated flooring (2025) and flows easily into the dining and living areasperfect for entertaining or relaxing. Enjoy morning coffee or evening sunsets from the large covered front porch, or retreat to the fenced backyard with plenty of space for gardening or pets. Two storage sheds provide extra room for hobbies and tools, with one equipped with electricity for added convenience. Recent updates include: washer and dryer (approx. 2 years old) , 2025 - Kitchen: flooring (& laundry) new lower cabinet & sheetrock on sink side, new faucet & water filtration system/faucet, new countertops on both, 2018 - New HVAC (furnace & heat pump), 2016 - New exterior skirting, exterior paint, 2015 - Primary bath remodel: flooring, ADA toilet, ADA shower stall w/fold up seat, dual shower head, new vanity, medicine cabinet & light fixture, 2008 - New Roof ensuring move-in-ready comfort. Located on a desirable corner lot, this property offers both privacy and charm. The space rent is $575 per month and includes water, sewer, and garbagea great value in this quiet, well-kept community.

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