378 Spruce StWheelerOR97147
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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 Wheeler at 378 Spruce St, Wheeler, OR, 97147 offers a 5.81% rental yield on a $579,999 purchase with $2,808/mo rent. 7% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 80.03% and total cumulative return in cash at $152,720. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,808/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97147, Wheeler, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 146 (54.3%) |
| Renter Occupied HU | 46 (17.1%) |
| Vacant Housing Units | 77 (28.6%) |
| Median Home Value | $477,273 |
| Average Home Value | $549,315 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
19
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