416 NW Heard StMyrtle CreekOR97457
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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 Myrtle Creek at 416 NW Heard St, Myrtle Creek, OR, 97457 offers a 7.54% rental yield on a $295,000 purchase with $1,853/mo rent. Total monthly income registers $1,853/mo, and a $1,444/mo payment leaves $72/mo available for distribution. Annual cash flow reaches $867/yr on $97,793 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 107.42% and total cumulative return in cash at $105,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,853/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
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Listed by: Christina Esterbrook • J Mann Realty
Mls Name: RMLS (OR)
Mls ID: #748157389