447 NW Crater Lake DrDallasOR97338
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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 Dallas at 447 NW Crater Lake Dr, Dallas, OR, 97338 with 5% annual appreciation on a $599,000 basis while $3,626/mo rent supports operations. Total monthly income totals $3,626/mo and a $2,932/mo payment preserves $10/mo for cash returns. Annual cash flow comes to $122/yr on $197,071 deployed, and return on cash invested reaches 20.12% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 7.26%. Five-year ROI measures 103.76% and total cumulative return in cash totals $204,490.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,626/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
7,840 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Housing Distribution
Address Breakdown
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Sold | $599,000 |
| 2025-07-22 | Contingent | $599,000 |
| 2025-07-19 | Price change | $599,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $4550.41 | 4.00% | $322,550 | 3.00% |
| 2023-10-15 | $4375.57 | 2.69% | $313,160 | 3.00% |
| 2022-10-15 | $4260.79 | 418.88% | $304,040 | 419.73% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2021
- Architectural Style: N/A
- Building Area: 2,372
- Living Area: 2,372 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: Carpet, Tile
- Interior Features: Rec Room
- Exterior Features: N/A
- Parking Features: Attached, RV Access/Parking, RV Disposal
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: N/A
School Information
- Elementary School: Lyle
- Middle School: LaCreole
- High School: Dallas
Listed by: ESTHER STEWART • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #828568
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.