413 3rd St, Gaston, OR, 97119 | $50/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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413 3rd St, Gaston, OR, 97119 | $50/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Gaston at 413 3rd St, Gaston, OR, 97119 uses $135,915 cash to close to unlock $599/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $2,525/mo, and a $2,007/mo payment keeps the spread at $50/mo. Purchase price stands at $410,000, and rental yield measures 7.39% with $2,525/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 104.99% and total cumulative return in cash records $142,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,525/mo property income covering a $2,007/mo payment rather than investor’s personal income.

Single Family

Built in 1948

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Adorable cottage on a spacious, fenced lot with lovely views and plenty of space for gardening or play. This charming home features single-level living with laundry on the lower level and a cozy living room with a wood stove. Updates include a remodeled kitchen with stainless steel appliances, a new electric furnace with AC, an Ecobee thermostat, fresh landscaping, and new gutters. Conveniently located in the heart of Gaston, close to schools, parks, and local amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97119, Gaston, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,803 (100%)
Owner Occupied HU	1,488 (82.5%)
Renter Occupied HU	223 (12.4%)
Vacant Housing Units	92 ( 5.1%)
Median Home Value	$804,348
Average Home Value	$865,360