2902 E 2nd St, Newberg, OR, 97132 | $239/mo Cash Flow

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2902 E 2nd St, Newberg, OR, 97132 | $239/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 2902 E 2nd St, Newberg, OR, 97132 uses $41,438 cash to close to unlock $2,871/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $994/mo, and a $612/mo payment keeps the spread at $239/mo. Purchase price stands at $125,000, and rental yield measures 9.54% with $994/mo rent. Return on cash invested shows 26.84% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 139.91% and total cumulative return in cash records $57,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $612/mo payment rather than investor’s personal income.

Manufactured

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

This well-kept, move-in-ready 55+ home features new laminate flooring, newer carpet, a newer roof, updated water heater, and fresh paint. Relax on the covered deck and enjoy the large yard and covered parking. Community amenities include a pool, party room, sewer, trash, and water.

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