402 Birch AveGaribaldiOR97118
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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 Garibaldi at 402 Birch Ave, Garibaldi, OR, 97118 priced at $349,000 pairs $2,519/mo rent with $413/mo cash flow after a $1,708/mo payment. Total monthly income equals $2,519/mo, and annual cash flow comes to $4,951/yr on $115,694 invested. Return on cash invested is 24.19% in year one, and rental yield stands at 8.66% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 125.6% and total cumulative return in cash reaches $145,308. For financing, Ziffy Mortgage’s DSCR program evaluates $2,519/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97118, Garibaldi, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 272 (50.7%) |
| Renter Occupied HU | 143 (26.7%) |
| Vacant Housing Units | 121 (22.6%) |
| Median Home Value | $451,429 |
| Average Home Value | $513,189 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
56
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