501 S 5th StSpringfieldOR97477
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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
Investment property for sale in Springfield at 501 S 5th St, Springfield, OR, 97477 uses $87,848 cash to close to unlock $10,326/yr annual cash flow and $860/mo monthly cash flow. Total monthly income runs $2,460/mo, and a $1,297/mo payment keeps the spread at $860/mo. Purchase price stands at $265,000, and rental yield measures 11.14% with $2,460/mo rent. Return on cash invested shows 31.66% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 165.69% and total cumulative return in cash records $145,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,460/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97477, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 8,482 (50.4%) |
| Renter Occupied HU | 7,726 (45.9%) |
| Vacant Housing Units | 608 ( 3.6%) |
| Median Home Value | $406,808 |
| Average Home Value | $440,412 |
Housing Distribution
Address Breakdown
Residential
16,256
Single Family
14,766
Multi-Family
1,490
Businesses
1,346
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Listed by: Daniel Gandee • Real Broker
Mls Name: RMLS (OR)
Mls ID: #778569536