2901 E 2nd St UNIT 84, Newberg, OR, 97132 | $181/mo Cash Flow

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2901 E 2nd St UNIT 84, Newberg, OR, 97132 | $181/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

Rental property for sale in Newberg at 2901 E 2nd St UNIT 84, Newberg, OR, 97132 generates $905/mo in rent and, after a $587/mo payment, leaves $181/mo in cash flow. Total monthly income is $905/mo, and annual cash flow is $2,172/yr on $39,780 invested. Return on cash invested sits at 25.37% in year one, and rental yield is 9.05% on a $119,999 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 131.9% and total cumulative return in cash sums $52,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $905/mo property income rather than buyer’s personal income.

Manufactured

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming 2-bedroom, 2-bathroom manufactured home located in a welcoming 55+ community! Enjoy the benefit of low space rent $585 a month. Thoughtful floor plan, both bedrooms featuring adjoining bathrooms for added privacy and comfort. Recent upgrades include a newer roof with a transferable warranty, furnace approximately 5 years old. The property also features a covered fully screened in deck for year-round enjoyment, a covered carport, and two storage sheds for all your needs. Washer, Dryer, Refrigerator and Stand Up Freezer stay with property. Dont miss this wonderful opportunity!

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