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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Independence at 510 S Main St, Independence, OR, 97351 priced at $445,000 converts $2,400/mo rent into after a $2,178/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 17.58% in year one, and rental yield reads 6.47% against a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation compiles into $122,945 by year five. Five-year ROI reaches 90.15% and total cumulative return in cash sums $132,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,178/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $445,000 |
| 2018-11-15 | Sold | $250,000 |
| 2018-09-13 | Pending sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-22 | $3202.13 | 8.93% | $167,360 | 3.00% |
| 2022-04-22 | $2939.75 | 1.12% | $162,490 | 3.00% |
| 2021-04-22 | $2907.13 | 2.68% | $157,760 | 3.00% |
Listed by: JEANNIE SCOTT • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #827886
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
