308 1st StGaribaldiOR97118
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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
Investment Highlights
Investment property for sale in Garibaldi at 308 1st St, Garibaldi, OR, 97118 offers a 7.28% rental yield on a $415,000 purchase with $2,519/mo rent. Total monthly income registers $2,519/mo, and a $2,031/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $171/yr on $137,573 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 103.33% and total cumulative return in cash at $142,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,519/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97118, Garibaldi, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 272 (50.7%) |
| Renter Occupied HU | 143 (26.7%) |
| Vacant Housing Units | 121 (22.6%) |
| Median Home Value | $451,429 |
| Average Home Value | $513,189 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
56
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