367 Spruce CtIndependenceOR97351
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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
Rental property for sale in Independence at 367 Spruce Ct, Independence, OR, 97351 priced at $400,000 converts $2,974/mo rent into $559/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,974/mo, and annual cash flow totals $6,712/yr on $132,600 invested. Return on cash invested prints 24.97% in year one, and rental yield reads 8.92% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 129.8% and total cumulative return in cash sums $172,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,974/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1975
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
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Listed by: AMY MCLEOD P.C. • Keller Williams Capital City
Mls Name: WVMLS
Mls ID: #835004