475 I St, Independence, OR, 97351 | $125/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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475 I St, Independence, OR, 97351 | $125/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Independence at 475 I St, Independence, OR, 97351 offers $2,836/mo rent that, after a $2,198/mo payment, leaves $125/mo cash flow. Total monthly income is $2,836/mo, and annual cash flow is $1,505/yr on $148,844 cash. Return on cash invested measures 20.92% in year one, and rental yield stands at 7.58% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 108.07% and total cumulative return in cash reaches $160,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,836/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

6,107 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming single-level home in the heart of Independence! Conveniently located across from the park and community pool, and just a short stroll to the riverfront, shops, and local dining. This property offers 3 bedrooms, 2 full baths, plus a partially finished attic with walk-up storage. Ample parking and space for an RV or trailer add flexibility and convenience. The covered back patio is perfect for year-round outdoor living, and a backyard storage shed keeps tools and toys neatly tucked away. Mortgage savings may be available for buyers of this listing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,369 (100%)
Owner Occupied HU	2,647 (60.6%)
Renter Occupied HU	1,605 (36.7%)
Vacant Housing Units	117 ( 2.7%)
Median Home Value	$427,687
Average Home Value	$490,376