








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Falls City at 364 Fairoaks St, Falls City, OR, 97344 priced at $315,000 converts $2,719/mo rent into $817/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,719/mo, and annual cash flow totals $9,808/yr on $104,423 invested. Return on cash invested prints 29.3% in year one, and rental yield reads 10.36% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 153.04% and total cumulative return in cash sums $159,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,719/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97344, Falls City, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 506 (100%) |
| Owner Occupied HU | 387 (76.5%) |
| Renter Occupied HU | 86 (17.0%) |
| Vacant Housing Units | 33 ( 6.5%) |
| Median Home Value | $537,775 |
| Average Home Value | $536,912 |
Residential
459
Single Family
456
Multi-Family
3
Businesses
26
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $315,000 |
| 2025-07-06 | Contingent | $325,000 |
| 2025-06-13 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $1282.22 | 2.97% | $98,960 | 3.00% |
| 2023-10-27 | $1245.26 | 3.41% | $96,080 | 2.99% |
| 2022-10-27 | $1204.23 | N/A | $93,290 | N/A |



Listed by: SHELBY KUTZ • Homesmart Realty Group - Dallas
Mls Name: WVMLS
Mls Provider:
Mls ID: #829891
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.