301 E Columbia Dr UNIT 73NewbergOR97132
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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
Investment Highlights
Rental property for sale in Newberg at 301 E Columbia Dr UNIT 73, Newberg, OR, 97132 generates $958/mo in rent and, after a $587/mo payment, leaves $234/mo in cash flow. Total monthly income is $958/mo, and annual cash flow is $2,808/yr on $39,780 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 9.58% on a $119,999 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 140.47% and total cumulative return in cash sums $55,879. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $958/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
11,031
Multi-Family
1,255
Businesses
1,045
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