412 Gardner AveDrainOR97435
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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 Drain at 412 Gardner Ave, Drain, OR, 97435 priced at $279,000 converts $1,500/mo rent into after a $1,366/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 17.51% in year one, and rental yield reads 6.45% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 89.82% and total cumulative return in cash sums $83,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1906
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97435, Drain, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,081 (100%) |
| Owner Occupied HU | 729 (67.4%) |
| Renter Occupied HU | 234 (21.6%) |
| Vacant Housing Units | 118 (10.9%) |
| Median Home Value | $534,434 |
| Average Home Value | $571,409 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
63
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