352 NE Polk Station Rd, Dallas, OR, 97338 | 6.16% Rental Yield

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352 NE Polk Station Rd, Dallas, OR, 97338 | 6.16% Rental Yield | 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

Investment property for sale in Dallas at 352 NE Polk Station Rd, Dallas, OR, 97338 offers a 6.16% rental yield on a $460,000 purchase with $2,363/mo rent. 66% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,090 over five years. Portfolio math shows five-year ROI at 85.2% and total cumulative return in cash at $129,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,363/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Here's your opportunity to enjoy country living with the amenities of being in town and more! Cute farmhouse on 1 acre of land! Plenty of room for your hobby farm! Enjoy the open floor plan with a large kitchen, lots of natural lights, a mud room leading to the outside. Backing up to an empty field, the yard looks endless. The upstairs features newer floors, A/C, and lots of space. The view is priceless. OREF Forms preferred. Escrow will be with Sierra Ditchen at First American Title. Please, lock the deadbolt.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,715 (100%)
Owner Occupied HU	6,971 (71.8%)
Renter Occupied HU	2,440 (25.1%)
Vacant Housing Units	304 ( 3.1%)
Median Home Value	$460,123
Average Home Value	$495,328