430 E London WayNewbergOR97132
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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 Newberg at 430 E London Way, Newberg, OR, 97132 priced at $429,900 pairs $2,874/mo rent with $279/mo cash flow after a $2,104/mo payment. Total monthly income equals $2,874/mo, and annual cash flow comes to $3,350/yr on $142,512 invested. Return on cash invested is 22.26% in year one, and rental yield stands at 8.02% on a $429,900 basis. Equity gained on principal adds $2,774/yr, and 5% annual appreciation accumulates to $118,773 by year five. Five-year ROI measures 115.27% and total cumulative return in cash reaches $164,275. For financing, Ziffy Mortgage’s DSCR program evaluates $2,874/mo property income against a $2,104/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,751 (100%) |
| Owner Occupied HU | 8,243 (64.6%) |
| Renter Occupied HU | 3,884 (30.5%) |
| Vacant Housing Units | 624 ( 4.9%) |
| Median Home Value | $557,408 |
| Average Home Value | $619,628 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
11,031
Multi-Family
1,255
Businesses
1,045
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Price change | $429,900 |
| 2024-06-10 | Listed for sale | $439,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Traditional
- Building Area: 1,807
- Living Area: 1,807 sqft
- Property Condition: Under Construction
Features & Amenities
- Heating: Forced Air
- Cooling: None
- Flooring: Laminate, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), Closet, Quartz, Bathroom, Walk-In Closet(s)
- Exterior Features: Yard
- Parking Features: Driveway, Garage Door Opener, Attached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Edwards
- Middle School: Mountain View
- High School: Newberg
Listed by: Matt Willcuts • Willcuts Company Realtors
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24531590
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 10:04:08 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.