359 N 8th StLakesideOR97449
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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
Investment property for sale in Lakeside at 359 N 8th St, Lakeside, OR, 97449 offers a 8.64% rental yield on a $210,000 purchase with $1,512/mo rent. Total monthly income registers $1,512/mo, and a $1,028/mo payment leaves $244/mo available for distribution. Annual cash flow reaches $2,931/yr on $69,615 to close, and return on cash invested stands at 24.12% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 125.27% and total cumulative return in cash at $87,208. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,512/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97449, Lakeside, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,405 (100%) |
| Owner Occupied HU | 770 (54.8%) |
| Renter Occupied HU | 201 (14.3%) |
| Vacant Housing Units | 434 (30.9%) |
| Median Home Value | $360,078 |
| Average Home Value | $407,731 |
Housing Distribution
Address Breakdown
Residential
712
Single Family
712
Multi-Family
0
Businesses
52
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