320 N Gun Club Rd, Independence, OR, 97351 | $693/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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320 N Gun Club Rd, Independence, OR, 97351 | $693/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Independence at 320 N Gun Club Rd, Independence, OR, 97351 offers $3,258/mo rent that, after a $2,080/mo payment, leaves $693/mo cash flow. Total monthly income is $3,258/mo, and annual cash flow is $8,313/yr on $140,888 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 9.2% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 134.28% and total cumulative return in cash reaches $189,185. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,258/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

0.66 Acres lot

$N/A/sqft

No HOA

More details about the property

Home with over a half acre close to it all! Enjoy your 0.66 acre lot with the seasonal stream, bridge pathway, natural wooded area and native flora! This daylight rancher is spacious inside and out! The main level features the living, dining and kitchen areas, primary bedroom, large bathroom w/ soaker tub and bedroom two/office/den. Downstairs are a bedroom, living room, utility, storage &full bath.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,369 (100%)
Owner Occupied HU	2,647 (60.6%)
Renter Occupied HU	1,605 (36.7%)
Vacant Housing Units	117 ( 2.7%)
Median Home Value	$427,687
Average Home Value	$490,376