2902 E 2nd St UNIT 110, Newberg, OR, 97132 | $179/mo Cash Flow

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2902 E 2nd St UNIT 110, Newberg, OR, 97132 | $179/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

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2902 E 2nd St UNIT 54, Newberg, OR, 97132

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 UNIT 110, Newberg, OR, 97132 offers a 9.09% rental yield on a $116,000 purchase with $879/mo rent. Total monthly income registers $879/mo, and a $568/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,143/yr on $38,454 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $749/yr while 5% annual appreciation supports $32,049 over five years. Portfolio math shows five-year ROI at 132.62% and total cumulative return in cash at $50,999. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $879/mo property income against a $568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in a peaceful 55+ community in Newberg. Featuring a brand new roof and fresh exterior updates, this home is truly move-in ready. The open floor plan boasts a spacious living area filled with natural light, a bright kitchen with ample storage, and a cozy dining nook perfect for gatherings.The primary suite offers a large closet and private bath, while two additional bedrooms provide space for guests, an office, or hobbies. Enjoy morning coffee or evening relaxation on the covered porch, and take advantage of the easy-care yard. Parking is convenient with a carport and ample at parking.Nestled just minutes from charming downtown Newberg, local shops, dining, and world-class wineries, this home combines comfort, low-maintenance living, and an unbeatable location.

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