346 NE Skipanon Dr #46WarrentonOR97146
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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 Warrenton at 346 NE Skipanon Dr #46, Warrenton, OR, 97146 generates $1,380/mo in rent, after a $1,219/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at 18.12% in year one, and rental yield is 6.65% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 93.04% and total cumulative return in cash sums $76,796. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97146, Warrenton, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,566 (100%) |
| Owner Occupied HU | 2,291 (64.2%) |
| Renter Occupied HU | 889 (24.9%) |
| Vacant Housing Units | 386 (10.8%) |
| Median Home Value | $480,571 |
| Average Home Value | $539,479 |
Housing Distribution
Address Breakdown
Residential
3,199
Single Family
2,798
Multi-Family
401
Businesses
350
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