2902 E 2nd StNewbergOR97132
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
11,031
Multi-Family
1,255
Businesses
1,045
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