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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% |
Rental property for sale in North Plains at 31323 NW Cottage St, North Plains, OR, 97133 generates $3,000/mo in rent and, after a $2,349/mo payment, leaves $103/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $1,237/yr on $159,087 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 7.5% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 106.84% and total cumulative return in cash sums $169,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97133, North Plains, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 2,043 (81.6%) |
| Renter Occupied HU | 339 (13.5%) |
| Vacant Housing Units | 121 ( 4.8%) |
| Median Home Value | $720,843 |
| Average Home Value | $767,736 |
Residential
2,158
Single Family
2,158
Multi-Family
0
Businesses
216
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Listed for sale | $479,900 |
| 2016-11-07 | Sold | $270,000 |
| 2016-08-30 | Pending sale | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3218.66 | 2.68% | $212,220 | 3.00% |
| 2022-10-15 | $3134.59 | 1.95% | $206,040 | N/A |
| 2021-10-15 | $3074.60 | 2.24% | N/A | N/A |
Listed by: Jim Collison • Windermere West LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24302407
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 08:49:21 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.
