477 S 8th StCarltonOR97111
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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 Carlton at 477 S 8th St, Carlton, OR, 97111 offers $3,780/mo rent that, after a $2,814/mo payment, leaves $310/mo cash flow. Total monthly income is $3,780/mo, and annual cash flow is $3,714/yr on $189,175 cash. Return on cash invested measures 22.02% in year one, and rental yield stands at 7.89% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 113.95% and total cumulative return in cash reaches $215,567. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,780/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97111, Carlton, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,607 (100%) |
| Owner Occupied HU | 1,254 (78.0%) |
| Renter Occupied HU | 266 (16.6%) |
| Vacant Housing Units | 87 ( 5.4%) |
| Median Home Value | $574,885 |
| Average Home Value | $664,053 |
Housing Distribution
Address Breakdown
Residential
1,083
Single Family
1,083
Multi-Family
0
Businesses
102
Price History
Date | Event | Price |
|---|---|---|
| 2024-06-04 | Listed for sale | $575,000 |
| 2024-05-26 | Listing removed | N/A |
| 2024-04-23 | Listed for sale | $575,000 |
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: 2023
- Architectural Style: Craftsman
- Building Area: 2,355
- Living Area: 2,355 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Forced Air
- Cooling: Heat Pump
- Flooring: Laminate, Wall to Wall Carpet
- Interior Features: High Ceilings, Quartz, Soaking Tub, Vaulted Ceiling(s), Kitchen Island, Pantry, Tile
- Exterior Features: Yard
- Parking Features: Driveway, On Street, 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: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Yamhill-Carlton
- Middle School: Yamhill-Carlton
- High School: Yamhill-Carlton
Listed by: Michael Wiltshire • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #23653183
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 06:54:16 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.