338 S Columbia DrWoodburnOR97071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Woodburn at 338 S Columbia Dr, Woodburn, OR, 97071 priced at $339,900 converts $2,200/mo rent into $47/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,200/mo, and annual cash flow totals $564/yr on $112,677 invested. Return on cash invested prints 20.41% in year one, and rental yield reads 7.77% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 105.76% and total cumulative return in cash sums $119,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,200/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1976
4,320 sqft lot
$N/A/sqft
$1,092 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Housing Distribution
Address Breakdown
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
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Listed by: DANA SCHELL • Homesmart Realty Group - Keizer
Mls Name: WVMLS
Mls Provider:
Mls ID: #825924
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.