








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Dallas at 464 NW Crater Lake Dr, Dallas, OR, 97338 priced at $609,900 pairs $3,408/mo rent with after a $2,985/mo payment. Total monthly income equals $3,408/mo. Return on cash invested is 18.43% in year one, and rental yield stands at 6.71% on a $609,900 basis. Equity gained on principal adds $3,936/yr, and 5% annual appreciation accumulates to $168,504 by year five. Five-year ROI measures 94.66% and total cumulative return in cash reaches $189,936. For financing, Ziffy Mortgage’s DSCR program evaluates $3,408/mo property income against a $2,985/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| 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 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $609,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $4002.09 | 2.69% | $286,430 | 3.00% |
| 2022-04-01 | $3897.13 | 402.50% | $278,090 | 403.33% |
| 2021-04-01 | $775.55 | N/A | $55,250 | N/A |



Listed by: ILYA MAKARENKO • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #827009
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.