507 N 19th Ave UNIT 99, Cornelius, OR, 97113 | $387/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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507 N 19th Ave UNIT 99, Cornelius, OR, 97113 | $387/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 99, Cornelius, OR, 97113 earns $387/mo cash flow from $1,556/mo rent with a $948/mo payment. Total monthly income totals $1,556/mo, and annual cash flow totals $4,642/yr on $64,212 capital. ROI tracks 27.14% on current figures, and rental yield reads 9.64% at a $193,700 purchase. Equity gained on principal adds $1,250/yr, and 5% annual appreciation supports $53,516 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $90,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,556/mo property income instead of your personal income.

Manufactured

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover Your Dream Home at Smoke Tree Mobile Home Estates!Welcome to Smoke Tree Mobile Home Estates, a serene 55+ community where comfort meets elegance. Available for just **$925 per month, our stunning double-wide 3-bedroom, 2-bath residence offers a generous 1,344 sq. ft. of beautifully remodeled living spaceturnkey and ready for you to move in!Key Features:- Complete Remodel: Enjoy new LP flooring, plush carpeting, and a modern open-concept layout.- **Gourmet Kitchen: Entertain with style with granite countertops, stainless steel Samsung appliances, including a smart range and dishwasher, under mount sinks, and chic new cabinetry. Comfort & Efficiency: Relax in a home equipped with a heat pump cooling system that can lower your electricity bill.Outdoor Bliss: Features a metal roof covering front and back decks, ample outdoor parking, and low maintenance landscaping complete with solar lighting and a workshop. Peaceful Living: Embrace tranquility in a community that welcomes two pets under 30 lbs. Convenient Amenities: Laundry room, primary bath with new vanities, and soaking tub for added comfort.Experience unparalleled elegance and comfort at Smoke Tree Mobile Home Estates. Dont miss your chance to call this breathtaking home your own!

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