456 40th StSpringfieldOR97478
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Nearby investment properties with comparable prices
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 Springfield at 456 40th St, Springfield, OR, 97478 offers a 8.57% rental yield on a $349,800 purchase with $2,498/mo rent. Total monthly income registers $2,498/mo, and a $1,712/mo payment leaves $387/mo available for distribution. Annual cash flow reaches $4,640/yr on $115,959 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $2,257/yr while 5% annual appreciation supports $96,643 over five years. Portfolio math shows five-year ROI at 124.11% and total cumulative return in cash at $143,915. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,498/mo property income against a $1,712/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97478, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 10,304 (66.8%) |
| Renter Occupied HU | 4,596 (29.8%) |
| Vacant Housing Units | 529 ( 3.4%) |
| Median Home Value | $467,133 |
| Average Home Value | $522,825 |
Housing Distribution
Address Breakdown
Residential
15,037
Single Family
14,943
Multi-Family
94
Businesses
461
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Nearby investment properties with comparable prices
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