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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cornelius at 3021 S Palmetto St LOT 684, Cornelius, OR, 97113 listed at $564,960 pairs $2,500/mo rent with a $2,765/mo payment. Total monthly income runs $2,500/mo. Return on cash invested measures 13.85% in year one, and rental yield registers 5.31% at a $564,960 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,088 by year five. Five-year ROI tracks 70.23% and total cumulative return in cash totals $130,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,500/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
$52 monthly HOA
Neighborhood data shown for ZIP Code: 97113, Cornelius, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 4,145 (77.5%) |
| Renter Occupied HU | 1,095 (20.5%) |
| Vacant Housing Units | 108 ( 2.0%) |
| Median Home Value | $553,137 |
| Average Home Value | $629,304 |
Residential
5,243
Single Family
5,195
Multi-Family
48
Businesses
292
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Price change | $564,960 |
| 2024-09-18 | Price change | $574,960 |
| 2024-08-18 | Price change | $599,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jennie Briggs • Holt Homes Realty, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24461931
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 07:14:13 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
