35235 S Summit Ln, Molalla, OR, 97038 | $403/mo Cash Flow

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35235 S Summit Ln, Molalla, OR, 97038 | $403/mo Cash Flow | 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 Molalla at 35235 S Summit Ln, Molalla, OR, 97038 offers a 8.32% rental yield on a $450,000 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $2,203/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,839/yr on $149,175 to close, and return on cash invested stands at 23.15% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 120.05% and total cumulative return in cash at $179,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1989

2.50 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a lovely semi private home with a wrap around deck shaded in the summer by majestic Maple trees.In the spring the scent of lilacs and apple blossoms is intoxicating . Deer can be seen throughout the year grazing in the yard and in the spring you can delight at the sight of fawns .The home is cozy in the winter with a woodstove to keep you extra warm.A new heating /airconditioning system was put in 2023 and new windows as of 2021.It has a well and its own septic system.The living room and master bedroom have bamboo flooring. The additional bed rooms have carpet and hickory flooring.The kitchen has marmoleom.Included is an organic garden , green house,240 sq ft insulated shop ,wood shed and chicken coop.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97038, Molalla, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,347 (100%)
Owner Occupied HU	4,570 (72.0%)
Renter Occupied HU	1,563 (24.6%)
Vacant Housing Units	214 ( 3.4%)
Median Home Value	$625,652
Average Home Value	$708,097