301 E Columbia Dr UNIT 57, Newberg, OR, 97132 | $201/mo Cash Flow

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301 E Columbia Dr UNIT 57, Newberg, OR, 97132 | $201/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newberg at 301 E Columbia Dr UNIT 57, Newberg, OR, 97132 offers a 9.54% rental yield on a $105,000 purchase with $835/mo rent. Total monthly income registers $835/mo, and a $514/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,413/yr on $34,808 to close, and return on cash invested stands at 26.84% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 139.94% and total cumulative return in cash at $48,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $835/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1990

3,000 sqft lot

$N/A/sqft

No HOA

More details about the property

This cozy and well-maintained 2-bedroom, 1-bathroom home offers the perfect blend of comfort and privacy, with bedrooms situated on opposite ends. The remodeled bathroom adds a fresh, modern touch, while the newer laminate flooring and vinyl double-pane windows enhance both style and energy efficiency. Located in Ridgeview Village MHP, an All-Age community. Enjoy the convenience of all included appliances, plus a washer and dryer, making this home truly move-in ready. Step outside to a fully fenced yard, perfect for pets or outdoor gatherings, and admire the newly painted exterior that gives the home a fresh, inviting look. Lot rent is $1,195 a month. Pets are welcome in the park but restrictions may apply.

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