375 Baltimore StElginOR97827
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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 Elgin at 375 Baltimore St, Elgin, OR, 97827 generates $1,488/mo in rent and, after a $783/mo payment, leaves $522/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $6,269/yr on $53,007 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 11.17% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 166.13% and total cumulative return in cash sums $88,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Manufactured
Built in 1980
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97827, Elgin, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,310 (100%) |
| Owner Occupied HU | 865 (66.0%) |
| Renter Occupied HU | 297 (22.7%) |
| Vacant Housing Units | 148 (11.3%) |
| Median Home Value | $268,924 |
| Average Home Value | $360,358 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
937
Multi-Family
23
Businesses
81
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