31919 N Lake Creek Dr UNIT 17TangentOR97389
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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
Investment property for sale in Tangent at 31919 N Lake Creek Dr UNIT 17, Tangent, OR, 97389 offers a 9.08% rental yield on a $110,000 purchase with $832/mo rent. Total monthly income registers $832/mo, and a $538/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,021/yr on $36,465 to close, and return on cash invested stands at 25.45% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 132.42% and total cumulative return in cash at $48,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $832/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97389, Tangent, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 740 (100%) |
| Owner Occupied HU | 537 (72.6%) |
| Renter Occupied HU | 166 (22.4%) |
| Vacant Housing Units | 37 ( 5.0%) |
| Median Home Value | $506,307 |
| Average Home Value | $544,939 |
Housing Distribution
Address Breakdown
Residential
624
Single Family
624
Multi-Family
0
Businesses
129
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