345 N 9th StHarrisburgOR97446
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 Harrisburg at 345 N 9th St, Harrisburg, OR, 97446 generates $3,016/mo in rent and, after a $2,300/mo payment, leaves $130/mo in cash flow. Total monthly income is $3,016/mo, and annual cash flow is $1,556/yr on $155,805 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 7.7% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 108.14% and total cumulative return in cash sums $168,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,016/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97446, Harrisburg, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,465 (73.4%) |
| Renter Occupied HU | 462 (23.2%) |
| Vacant Housing Units | 68 ( 3.4%) |
| Median Home Value | $429,966 |
| Average Home Value | $472,604 |
Housing Distribution
Address Breakdown
Residential
1,763
Single Family
1,761
Multi-Family
2
Businesses
135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: STACI BARNES • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #829667
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.