2948 NW 13th PlCorvallisOR97330
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2948 NW 13th Pl, Corvallis, OR, 97330 in Corvallis at $399,000 earns $2,480/mo in rent and nets $72/mo after the $1,794/mo payment, a 7.46% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,236 over five years. Ziffy Mortgage underwrites this on a 1.38 DSCR without U.S. credit history. With $3,675/yr in principal paydown, total projected return reaches $155,681.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.1% |
| Monthly Cash Flow | $72 | $1,850 |
City averages based on Corvallis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,480 |
| Total Monthly Debt Service | $2,250 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1980
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97330, Corvallis, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,045 (100%) |
| Owner Occupied HU | 9,393 (46.9%) |
| Renter Occupied HU | 9,497 (47.4%) |
| Vacant Housing Units | 1,155 ( 5.8%) |
| Median Home Value | $551,287 |
| Average Home Value | $560,609 |
Housing Distribution
Address Breakdown
Residential
19,019
Single Family
16,803
Multi-Family
2,216
Businesses
1,002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1980
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97330, Corvallis, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,045 (100%) |
| Owner Occupied HU | 9,393 (46.9%) |
| Renter Occupied HU | 9,497 (47.4%) |
| Vacant Housing Units | 1,155 ( 5.8%) |
| Median Home Value | $551,287 |
| Average Home Value | $560,609 |
Housing Distribution
Address Breakdown
Residential
19,019
Single Family
16,803
Multi-Family
2,216
Businesses
1,002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices