2951 SE Midvale DrCorvallisOR97333
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 2951 SE Midvale Dr, Corvallis, OR, 97333 in Corvallis: $3,323/mo in rent, $285/mo in net income, 8.09% gross yield, 1.50 DSCR, all at $493,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $136,207 in appreciation and $4,541/yr in principal paydown projects total cumulative return of $205,256.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.1% |
| Monthly Cash Flow | $285 | $1,850 |
City averages based on Corvallis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,323 |
| Total Monthly Debt Service | $2,842 |
| DSCR Ratio | 1.17x |
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.
Single Family
Built in 1999
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97333, Corvallis, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,688 (100%) |
| Owner Occupied HU | 4,810 (41.2%) |
| Renter Occupied HU | 5,906 (50.5%) |
| Vacant Housing Units | 972 ( 8.3%) |
| Median Home Value | $528,281 |
| Average Home Value | $553,081 |
Housing Distribution
Address Breakdown
Residential
10,275
Single Family
8,690
Multi-Family
1,585
Businesses
759
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
Single Family
Built in 1999
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97333, Corvallis, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,688 (100%) |
| Owner Occupied HU | 4,810 (41.2%) |
| Renter Occupied HU | 5,906 (50.5%) |
| Vacant Housing Units | 972 ( 8.3%) |
| Median Home Value | $528,281 |
| Average Home Value | $553,081 |
Housing Distribution
Address Breakdown
Residential
10,275
Single Family
8,690
Multi-Family
1,585
Businesses
759
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JANE FISHER • Town & Country Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #831614
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.