405 NW Dimmick StGrants PassOR97526
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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 Grants Pass at 405 NW Dimmick St, Grants Pass, OR, 97526 offers $1,998/mo rent that, after a $1,493/mo payment, leaves $157/mo cash flow. Total monthly income is $1,998/mo, and annual cash flow is $1,881/yr on $101,108 cash. Return on cash invested measures 21.77% in year one, and rental yield stands at 7.86% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 112.62% and total cumulative return in cash reaches $113,866. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,998/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97526, Grants Pass, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,301 (63.7%) |
| Renter Occupied HU | 4,965 (30.7%) |
| Vacant Housing Units | 893 ( 5.5%) |
| Median Home Value | $452,498 |
| Average Home Value | $500,393 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
14,482
Multi-Family
592
Businesses
1,444
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Listed by: N/A • Kelly Right Real Estate
Mls Name: Oregon Datashare
Mls ID: #220209299