323 S Locust StCanbyOR97013
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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 Canby at 323 S Locust St, Canby, OR, 97013 priced at $1,595,000 converts $1,921/mo rent into after a $7,807/mo obligation. Total monthly income equals $1,921/mo. Return on cash invested prints 2.47% in year one, and rental yield reads 1.45% against a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation compiles into $440,669 by year five. Five-year ROI reaches 9.05% and total cumulative return in cash sums $46,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,921/mo property income covering a $7,807/mo payment, not borrower’s personal income.
Multi Family
Built in 1979
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97013, Canby, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,696 (100%) |
| Owner Occupied HU | 6,936 (71.5%) |
| Renter Occupied HU | 2,486 (25.6%) |
| Vacant Housing Units | 274 ( 2.8%) |
| Median Home Value | $597,733 |
| Average Home Value | $656,917 |
Housing Distribution
Address Breakdown
Residential
9,590
Single Family
9,178
Multi-Family
412
Businesses
856
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