521-523 N Walnut St, Independence, OR, 97351 | 4.56% Rental Yield

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521-523 N Walnut St, Independence, OR, 97351 | 4.56% Rental Yield | 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 Independence at 521-523 N Walnut St, Independence, OR, 97351 earns from $1,615/mo rent with a $2,080/mo payment. Total monthly income totals $1,615/mo. ROI tracks 11.82% on current figures, and rental yield reads 4.56% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 59.24% and total cumulative return in cash sums $83,465. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,615/mo property income instead of your personal income.

Multi Family

Built in 1960

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Super clean single-story duplex built in 1960 sitting on a .15 acre lot. Recent upgrades include roofs, windows, doors, paint, flooring, kitchens, bath and more. 1,440 SF of improved space providing 720 SF / unit. Each unit has 2 bed / 1 bath, washer/dryer hookups and a private driveway/carport. Units rent for $1,425 and $1595.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

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