317 Aker DrMyrtle CreekOR97457
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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 Myrtle Creek at 317 Aker Dr, Myrtle Creek, OR, 97457 priced at $1,249,900 pairs $1,200/mo rent with after a $6,118/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 1.57% in year one, and rental yield stands at 1.15% on a $1,249,900 basis. Equity gained on principal adds $8,065/yr, and 5% annual appreciation accumulates to $345,324 by year five. Five-year ROI measures 4.19% and total cumulative return in cash reaches $16,986. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
29.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
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Listed by: Bob Lamonte • Lamonte Real Estate Professionals
Mls Name: RMLS (OR)
Mls ID: #301654279