48015 W 2nd StOakridgeOR97463
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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 Oakridge at 48015 W 2nd St, Oakridge, OR, 97463 generates $1,200/mo in rent, after a $1,150/mo payment. Total monthly income is $1,200/mo. Return on cash invested sits at 16.55% in year one, and rental yield is 6.13% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 84.6% and total cumulative return in cash sums $65,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1934
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97463, Oakridge, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 1,205 (59.7%) |
| Renter Occupied HU | 576 (28.5%) |
| Vacant Housing Units | 237 (11.7%) |
| Median Home Value | $242,500 |
| Average Home Value | $308,647 |
Housing Distribution
Address Breakdown
Residential
1,423
Single Family
1,400
Multi-Family
23
Businesses
121
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