2902 E 2nd St UNIT 43, Newberg, OR, 97132 | $178/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2902 E 2nd St UNIT 43, Newberg, OR, 97132 | $178/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1296 sft

4155 NE Three Mile Ln UNIT 78, McMinnville, OR, 97128

2 Bed
2 Bath
924 sft

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

3 Bed
2 Bath
1512 sft

1500 S Sandoz Rd UNIT 28, Newberg, OR, 97132

3 Bed
2 Bath
1404 sft

2902 E 2nd St UNIT 110, Newberg, OR, 97132

Nearby investment properties with comparable prices

3 Bed
2 Bath
1296 sft

6484 Tepper Park Way NE, Salem, OR, 97303

3 Bed
2 Bath
1350 sft

1501 SW Baker St UNIT 72, McMinnville, OR, 97128

3 Bed
2 Bath
1296 sft

4155 NE Three Mile Ln UNIT 78, McMinnville, OR, 97128

3 Bed
2 Bath
1134 sft

1501 SW Baker St UNIT 8, McMinnville, OR, 97128

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Newberg at 2902 E 2nd St UNIT 43, Newberg, OR, 97132 generates $902/mo in rent and, after a $587/mo payment, leaves $178/mo in cash flow. Total monthly income is $902/mo, and annual cash flow is $2,136/yr on $39,780 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 9.02% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 131.42% and total cumulative return in cash sums $52,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $902/mo property income rather than buyer’s personal income.

Manufactured

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Completely Updated Home in Nut Tree Ranch Low Space Rent!Beautifully remodeled 1-bedroom, 1-bath manufactured home in the highly desirable Nut Tree Ranch community. This move-in-ready home features brand-new laminate flooring, fresh interior and exterior paint, new landscaping, and newer vinyl windows. The fully updated kitchen offers all-new stainless steel appliances and a built-in hutch for added storage. The bathroom includes a walk-in shower, and a brand-new water heater provides peace of mind. Full size washer and dryer are also included.You'll also find a nicely sized storage shed, covered parking, wheelchair-accessible ramp, and a cozy porch areaperfect for relaxing and enjoying the peaceful surroundings.This home is sold fully furnished, beautifully equipped, and ready for you to move right in. A home warranty is also included, covering standard appliances and major systems such as plumbing, electrical, and heating.Nestled in one of the citys most peaceful and affordable 55+ communities, Nut Tree Ranch offers a serene setting and friendly neighbors. Residents enjoy excellent amenities including a clubhouse with library, pool table, seasonal swimming pool with lounge chairs and umbrellas, plus a meeting/game room ideal for gatherings or private events.Affordable, updated, and full of charmthis one wont last long!Listing agent is a licensed Oregon real estate agent and the owner of the property.

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