364 Scotts Glen DrSpringfieldOR97477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Springfield at 364 Scotts Glen Dr, Springfield, OR, 97477 priced at $345,000 converts $1,876/mo rent into after a $1,689/mo obligation. Total monthly income equals $1,876/mo. Return on cash invested prints 17.74% in year one, and rental yield reads 6.53% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 91.05% and total cumulative return in cash sums $104,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97477, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 8,482 (50.4%) |
| Renter Occupied HU | 7,726 (45.9%) |
| Vacant Housing Units | 608 ( 3.6%) |
| Median Home Value | $406,808 |
| Average Home Value | $440,412 |
Housing Distribution
Address Breakdown
Residential
16,256
Single Family
14,766
Multi-Family
1,490
Businesses
1,346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHELLY MILLER • Real Broker
Mls Name: WVMLS
Mls ID: #835724