507 N 19th Ave UNIT 60, Cornelius, OR, 97113 | $262/mo Cash Flow

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507 N 19th Ave UNIT 60, Cornelius, OR, 97113 | $262/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

Investment property for sale in Cornelius at 507 N 19th Ave UNIT 60, Cornelius, OR, 97113 uses $49,394 cash to close to unlock $3,143/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $729/mo payment keeps the spread at $262/mo. Purchase price stands at $149,000, and rental yield measures 9.35% with $1,161/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 136.76% and total cumulative return in cash records $67,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $729/mo payment rather than investor’s personal income.

Manufactured

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to Smoketree! This spacious, move-in ready 3 bedroom, 2 bathroom home offers 1,456 sq. ft. of comfortable living with vaulted ceilings, a massive primary suite w/ walk-in shower, updates including a newer heat pump cooling system, carport roof, fresh paint and carpet. Originally built as the park managers office, it sits on a massive private fenced lot with an extra-deep storage shed, providing plenty of space and privacy. Space rent is $975/month - includes water, sewer, and garbage! All appliances included. The park also offers RV parking and allows up to two pets under 30 lbs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97113, Cornelius, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,348 (100%)
Owner Occupied HU	4,145 (77.5%)
Renter Occupied HU	1,095 (20.5%)
Vacant Housing Units	108 ( 2.0%)
Median Home Value	$553,137
Average Home Value	$629,304